LOGO_CRYPTO_SIGHT

North Dakota City Added Crypto to List Of Viable Payments For Utility Bills

| 17-Th5-2021
thecryptosight-new-us-federal-reserve-real-time-payment-tool-received-perplexed-comments-from-crypto-community

A North Dakota city has reportedly added crypto to its list of viable payment measures, officially hopped aboard the crypto adoption train in America. 

Specifically, Hercules Cummings, finance director for the City of Williston, reportedly disclosed details regarding his city’s decision to form an alliance with crypto payment entity BitPay, to make crypto-enabled payment, nominally Bitcoin (BTC), available for utility bills.

“We have partnered with BitPay, the largest virtual payment merchant whose partners include Microsoft and Facebook. We are the first municipality in the State of North Dakota, and the third in the nation, to offer this service,” the city executive reportedly remarked. 

Utility bill payments are reportedly the solely viable bills available for this crypto payment in the first stage. Cummings additionally claimed that the city will carry out quality assessments, to widen the scope of its new means of payment, covering a wider range of bills, such as licenses, landfills and permits.

“There are also a number of advantages to utilizing these online payment methods including security, convenience, and cost savings”. Cummings reportedly remarked. 

Per the announcement, there will reportedly be a 1% fee charged by BitPay for online utility bills payment, compared to a 3% commission for payments using services like Google Pay, Apple Pay and PayPal.

Individuals living in Williston will reportedly have the freedom to go to the official city website and submit their account details to get a BitPay invoice. People can utilize BitPay or crypto exchange platforms to register a virtual wallet for payment, in a direct manner. 

Numerous states throughout the U.S. are planning to roll out pro-crypto regulations at the moment. Nebraska lawmakers are assessing an initiative that would let state banks work with crypto.

Tags: , ,

Comments