The Louisiana state government has started accepting cryptocurrency payments in exchange for state services, the state’s treasurer announced this week.
Residents will now be able to pay for state services with cryptocurrencies like Bitcoin and USDC, a “stablecoin” that’s value is pegged to the dollar.
“Louisiana residents will now have the option to pay for state services from their private, secure crypto wallets,” a press release from Louisiana Treasurer John Fleming explains. “In today’s digital age, government systems must evolve and embrace new technologies. By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing our citizens with flexibility and freedom in interacting with state services,” Fleming went on to note.
The first use of cryptocurrency for state services occurred on Tuesday, when cryptocurrency was sent to the…
