The Colorado Division of Motor Autos (DMV) has introduced that it now accepting Bitcoin and cryptocurrency as a fee possibility by means of PayPal for Coloradans to renew driver’s licenses, identification playing cards, and automobile registrations.
“On the DMV, we’re all the time in search of methods to higher serve Coloradans and leverage know-how to supply our providers,” stated Senior Director Electra Bustle. “This new on-line cryptocurrency fee possibility is yet one more method the DMV is offering modern and handy service supply to our prospects.”
This is the way it works: prospects simply have to pick out the cryptocurrency fee possibility, 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}, masking the entire quantity due together with relevant charges, earlier than being remitted to the DMV.
Nevertheless, it is essential to notice that there’s a service payment related to utilizing cryptocurrency, amounting to $1 plus 1.83% of the entire 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 about studying extra about this growth and the way to use Bitcoin or cryptocurrency for DMV transactions, you’ll be able to go to the official Colorado DMV web site right here.
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