LAKEWOOD, Colo. — The Colorado Division of Motor Autos introduced Thursday it now accepts cryptocurrency for on-line providers.
“On the DMV, we’re at all times searching for methods to higher serve Coloradans and leverage know-how to supply our providers,” Senior Director Electra Bustle stated in a press release. “This new on-line cryptocurrency cost possibility is one more means the DMV is offering progressive and handy service supply to our clients.”
Coloradans who use myDMV for on-line providers, reminiscent of renewing a driver license or car registration, will pay with cryptocurrency by way of PayPal.
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Based on DMV officers, those that need to pay with cryptocurrency shall be directed to PayPal, the place they’ll choose a particular forex to make use of. The forex shall be transformed to {dollars} and remitted to the DMV to finish the transaction, based on the division.
There’s a service payment of $1 plus 1.83% of the DMV complete, based on the division. PayPal charges might also apply to the transaction.
The DMV is simply accepting cryptocurrency funds by way of PayPal at the moment.
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Colorado Governor Jared Polis has been a serious proponent of using cryptocurrency within the state.
Polis launched the Congressional Blockchain Caucus in 2016, which serves as a platform the place authorities can research blockchain know-how and Congress’ function in its progress.
In 2019, the governor handed the Colorado Digital Token Act, which permits sure cryptocurrencies to have securities exemptions.
And in summer time 2022, Colorado turned the primary state to simply accept cryptocurrency as cost of state taxes and costs.
For extra info on the DMV’s acceptance of cryptocurrency, click on right here.
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