Colorado became the first state that is accepting cryptocurrency for the payment of taxes. The only caveat is that payment can only be made from a Paypal account.
It is an important development and it would became more meaningful once any cryptocurrency wallet is accepted for the payment of the taxes. It would be interesting to know what value do they assign to the cryptocurrency. Fees are US$ 1.00 plus 1.83% of the payment amount.
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Thanks for that piece of news, @marcusantoniu26 !
Yes, the Paypal account requirement kind of empties the advantages of using cryptos for such a use case, because it obliges us to send it through a centralized third-party (who, as far as I know, only use "fake" BTC, LTC, ETH, etc. on its platform, i.e. an internal accounting substitute for the on-chain coins).
Besides, a 1.83% fee of the paid amount can turn into a substantial spending, for big companies or people having generated abundant incomes.
In conclusion, it could be a positive decision, but it should allow the use of self-hosted crypto wallets, otherwise it'll be another users incarceration inside custodial closed circuits.
It is an important part of cryptocurrency and it will help to strengthen crypto.