Connect with us

Bitcoin

City in North Dakota now accepts cryptocurrency for utility payments

Published

on

A metropolis in North Dakota is becoming a member of the cryptocurrency adoption race in america by beginning to settle for crypto payments.

Hercules Cummings, finance director for the City of Williston, introduced Thursday that the town administration has partnered with crypto cost agency BitPay to start out accepting cryptocurrencies like Bitcoin (BTC) as cost for utility payments.

“We have partnered with BitPay, the largest virtual payment merchant whose partners include Microsoft and Facebook. We are the first municipality in the State of North Dakota, and the third in the nation, to offer this service,” the town govt said.

Utility invoice payments would be the solely payments eligible for crypto cost initially, Cummings mentioned, including that the town will conduct high quality assessments to broaden the brand new cost technique for payments like licenses, landfill and permits. The brand new cost technique is in line with the town’s dedication to discover extra cost strategies to maintain tempo with current cost options and allow contactless payments.

“There are also a number of advantages to utilizing these online payment methods including security, convenience, and cost savings,” Cummings famous. In line with the announcement, BitPay fees a 1% payment to pay utility payments on-line, versus a 3% fee for payments through companies like Google Pay, Apple Pay and PayPal.

Williston residents can go to the official metropolis web site and supply their account data to obtain a BitPay bill. People can create a digital pockets for payments immediately with BitPay or different companies like crypto exchanges, the announcement notes.

A number of states in the U.S. are at present contemplating crypto-friendly laws. Earlier this week, Nebraska lawmakers favored an initiative that may permit state banks to deal with crypto. The mayor of Jackson, Tennessee initiated a marketing campaign to pay public salaries in Bitcoin and mine the cryptocurrencies for the town’s stability sheets, echoing comparable proposals in Miami, Florida.

In line with knowledge collected by Newsweek journal, as many as 46 million People, or 17% of all U.S. adults, personal Bitcoin as of Might 2021. A survey by crypto alternate Gemini beforehand estimated that simply 14% of the U.S. inhabitants, or about 21 million adults, owned crypto as of late 2020.

Sourced Merchandise