The Colorado Division of Motor Autos (DMV) has introduced that it now accepting Bitcoin and cryptocurrency as a cost possibility via PayPal for Coloradans to renew driver’s licenses, identification playing cards, and car registrations.
“On the DMV, we’re at all times on the lookout for methods to raised serve Coloradans and leverage expertise to supply our providers,” mentioned Senior Director Electra Bustle. “This new on-line cryptocurrency cost possibility is one more approach the DMV is offering modern and handy service supply to our clients.”
Here 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’ll select their most popular 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 payment 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 cryptocurrency supplier accepted for on-line DMV funds.
For these interested by 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.
