Good News for Overstock: Utah Considers Bitcoin Payment for State Services
A resolution put before state lawmakers in Utah could see the Beehive state legitimize Bitcoin as a legal payment method. H.C.R. 6, the “Concurrent Resolution on Payment Options for State Services” introduced by Republican Marc K. Roberts: “[P]roposes the creation of the Council on Payment Options for State Services to study whether and how the state could accept bitcoin as a valid form of payment.” Consideration of such a resolution at state level means Utah joins several US states taking an active stance towards Bitcoin’s role in the local economy. One of these is New York, which is in....
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At least three states in the US may soon allow bitcoin to be used to pay for taxes. The State of New Hampshire, New York and Utah have been considering introducing a bill that would make this possible. Each of these states have come up with their own slightly different versions on why this could be a great option and what would be the benefits. Mark K. Roberts, a representative from the Republican Party, last January witnessed the Utah state developing and introducing a bill to create a Council on Payment Options for State Services, which would research how Utah would go about accepting....
Utah State Rep. Mark K. Roberts has introduced a bill to create a Council on Payment Options for State Services with the intention of promoting bitcoin-related industries and the use bitcoin for state business. The resolution, H. C. R. 6, encourages the use of bitcoin for state business and notes that Utah could become a key player in promoting bitcoin. Roberts, a Republican from the state's 67th district, proposes that the Council on Payment Options for State Services study whether and how the state could accept bitcoin as a valid form of payment. The resolution calls for various state....
Utah State Legislature recently stepped up to show its magnanimous support to Bitcoin - the world's first decentralized cryptocurrency. As per the new bill proposed by Rep. Marc K Roberts, Utah lawmakers are open to accept Bitcoin as a "valid form of payment." The bill (house resolution) spoke highly about the digital currency's promising benefits for the people of Utah - be it free-market capitalism or lower transaction fee. The bill therefore proposed the formation of a special council to study the possibility of such an unusual integration. "The Legislature and the Governor," it said,....
The State of Utah has passed the Bitcoin bill, H. C. R. 6 Substitute Concurrent Resolution on Payment Options for State Services, which will allow the residents to pay their taxes in Bitcoin. The bill was introduced by state representative Mark K. Roberts in January and was backed by Senator Todd Weiler. The concurrent resolution encourages widespread use of the digital currency in the state and proposes the creation of the Council on Payment Options for State Services to investigate the possibilities and outcome of accepting Bitcoin as a payment method. The bill resolved that the council....
Farmers Market, an online fresh food business operated by Overstock.com, recently added a home delivery service, making it one of the few such services to accept bitcoin. The home delivery service complements Fresh Market's drop-ship delivery program and makes Farmers Market one of the few online fresh food merchants that accepts bitcoin in addition to other forms of payment. Farmers Market allows customers to log onto its website, enter their zip code, select locally-grown food and have it delivered by a local delivery service. Parent company Overstock.com began accepting bitcoin as a....