Less Costs to the State (lower transaction fees) + $0 set up fee. More secure than credit card transactions.
Safer/More Secure + Cheaper = Benefit
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And yes completely constitutional. Nobody is issuing currency. It's simply providing a means of payment that is getting converted into US Dollars through a third party payment processor. BitPay was mentioned as a company that provides those services above.
Comments
What's the benefit? It seems like it would just add more complexity to the tax process and therefore increase the cost of the entire process.
Benefit:
Less Costs to the State (lower transaction fees) + $0 set up fee. More secure than credit card transactions.
Safer/More Secure + Cheaper = Benefit
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And yes completely constitutional. Nobody is issuing currency. It's simply providing a means of payment that is getting converted into US Dollars through a third party payment processor. BitPay was mentioned as a company that provides those services above.
Hope this clarifies.
Eric Schleien Prime Sponsor