The Colorado Division of Motor Automobiles (DMV) has introduced that it now accepting Bitcoin and cryptocurrency as a cost possibility by way of PayPal for Coloradans to renew driver’s licenses, identification playing cards, and car registrations.
“On the DMV, we’re all the time searching for methods to raised serve Coloradans and leverage know-how to supply our companies,” stated Senior Director Electra Bustle. “This new on-line cryptocurrency cost possibility is one more means the DMV is offering progressive and handy service supply to our clients.”
This is the way it works: clients simply have to pick the cryptocurrency cost possibility, and they are going to be redirected to PayPal, the place they will select their most well-liked cryptocurrency to finish the transaction. The chosen cryptocurrency is then transformed into {dollars}, protecting the overall quantity due together with relevant charges, earlier than being remitted to the DMV.
Nevertheless, it is vital to notice that there’s a service price related to utilizing cryptocurrency, amounting to $1 plus 1.83% of the overall DMV costs. Moreover, PayPal might apply its personal charges. As of now, PayPal is the only real cryptocurrency supplier accepted for on-line DMV funds.
For these fascinated with studying extra about this growth and learn how to use Bitcoin or cryptocurrency for DMV transactions, you possibly can go to the official Colorado DMV web site right here.
