This US State Now Accepts Bitcoin and USDC for Payments

Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.

Louisiana State Treasurer John Fleming announced that residents can now use Bitcoin (BTC), the Bitcoin Lightning Network, and the stablecoin USDC for various state transactions.

The state’s first crypto payment was processed for a fine to the Louisiana Department of Wildlife and Fisheries via the Bitcoin Lightning Network. This move follows a collaboration with Bead Pay and local partners to modernize payment systems and cut down on fraud.

Fleming highlighted that while the state will accept cryptocurrencies, the funds will be converted into U.S. dollars to avoid volatility and address previous concerns. He stressed that the initiative is about embracing new technologies to offer citizens more flexibility.

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This is not Louisiana’s first foray into crypto. Republican State Rep. Mark Wright, a long-time advocate, supported this move and had previously established a digital assets working group in 2022. Wright had also led efforts to commend Bitcoin’s anonymous creator in 2021.

Louisiana joins a growing list of states exploring cryptocurrency integration. Ohio and Florida have made efforts in the past, with mixed results. Colorado and Utah have also introduced bills to accept crypto for tax payments, while California is leveraging blockchain technology for record-keeping.

Alexander Stefanov