Governor of Florida to Let Businesses Pay Fees with Crypto

Florida Governor Ron DeSantis has proposed a program to allow businesses to pay Governor fees in digital currency. The move is part of many cryptocurrency-related proposals included in the state's budget for next year.

Florida Governor Ron DeSantis has unveiled a plan that will allow businesses in the state to pay Governor fees in cryptocurrency. Proposals related to cryptocurrency, the official included in the state budget for 2022, according to Bloomberg. DeSantis also said the state will launch pilot programs to study the use of blockchain technology in Medicaid payments and in vehicle registration. The latter will be hosted by the Florida Department of Highway and Motor Vehicle Safety.

The governor said that crypto enthusiasts are moving to South Florida, where officials and business representatives have supported the blockchain industry. For example, the Miami Heat basketball stadium has been renamed FTX Arena. FTX is a crypto exchange owned by billionaire Sam Bankman-Freed.

DeSantis' direction builds on a campaign by Miami Mayor Francis Suarez, who is attracting more cryptocurrency businesses to the region and has been advocating for crypto-friendly policies locally for several months now. These moves are influencing the decisions of cryptocurrency entrepreneurs where to build their business, which is why Florida is becoming an attractive place to do so.

Florida is not the first state to consider using cryptocurrencies. Wyoming legislators plan to use blockchain to increase transparency and accountability in the way public funds are spent.

© 2021, Eva Fox | Tesmanian. All rights reserved.

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