Bitcoin has gone global and a time will come whereby Bitcoin will be the only accepted means of payment, perhaps. Presently, A US based firm in the name of Overstock recently made a revelation that their company will now start accepting Bitcoin as a means of payment.
They also went further to state that their company will also be paying a part of its business taxes to the state of Ohio in the form of Bitcoin.
They will be using the state’s cryptocurrency payment website Ohiocrypto.com for all their transactions. According to the CEO of Overstock, Patrick Byrne stated that its company is proud to partner with the government.
This is to help bring in a regime of trust through Bitcoin, in other to help the nation in the area of the financial systems. Patrick, has always had the believe that cryptocurrencies makes transactions very faster and quicker.
Overstock is now among the few companies in the US who has accepted Bitcoin as a form of payment, this move is coming after a car dealer company in New Hampshire in the name of AutoFair accepted Dash as a means of payment.
The state government of Ohio made an announcement some weeks ago that they accept Bitcoin for 23 different types of taxes, this move makes Ohio the first state in the US to legally accept cryptocurrencies as a means of payment.
Hopefully, this development will spread to other parts of the US in no time which will make Bitcoin one of the accepted means of payment.