The state of Colorado is accepting cryptocurrency for all state tax payments, Gov. Jared Polis announced at a kickoff event for Denver Startup Week, which began Monday.
The cryptocurrency payment option will be offered on all state tax bills, including individual and business incomes.
“We’re just showing again, from a customer service perspective, how Colorado is tech-forward in meeting the ever-changing needs of businesses and residents,” Polis said.
For those not familiar with cryptocurrency, it’s the often-volatile digital currency “in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority,” according to the Oxford Dictionary. That cryptography is called blockchain technology.
The state will operate its own ledger of transactions converted to dollars, Polis said.
“Colorado is like the blockchain industry — constantly finding new ways to do things,” he said.
The 11th Annual Denver Startup Week is...
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