Louisiana State Treasurer, John Fleming, M.D., announced that the state government will now accept Bitcoin, Bitcoin Lightning Network, and USDC as valid forms of payment for state services. The initiative, aimed at modernizing government operations, allows residents to use their private Bitcoin wallets for transactions while the state receives payments in US dollars. The conversion process, managed by Bead Pay, mirrors traditional card payments, ensuring security and efficiency. This move is part of Louisiana’s broader effort to integrate new technologies into public services, enhancing transaction security and reducing fraud risks.
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Publish date : 2024-09-18 15:45:00
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