The Colorado Division of Motor Automobiles (DMV) has introduced that it now accepting Bitcoin and cryptocurrency as a cost choice by way of PayPal for Coloradans to renew driver’s licenses, identification playing cards, and automobile registrations.
“On the DMV, we’re all the time on the lookout for methods to raised serve Coloradans and leverage know-how to supply our providers,” stated Senior Director Electra Bustle. “This new on-line cryptocurrency cost choice is one more approach the DMV is offering revolutionary and handy service supply to our prospects.”
Here is the way it works: prospects simply have to pick the cryptocurrency cost choice, and they are going to be redirected to PayPal, the place they’ll 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 essential to notice that there’s a service charge related to utilizing cryptocurrency, amounting to $1 plus 1.83% of the overall DMV costs. Moreover, PayPal could apply its personal charges. As of now, PayPal is the only real cryptocurrency supplier accepted for on-line DMV funds.
For these eager about studying extra about this improvement and learn how to use Bitcoin or cryptocurrency for DMV transactions, you possibly can go to the official Colorado DMV web site right here.
