The state will not get the bitcoins. They will be converted to classic US dollars.
The US state of Ohio is the first of the US to accept payments for tax in the form of cryptocurrency bitcoins, the Wall Street Journal reported. The politicians there have approved the new form of payment and should work from this week on. However, only businesses and entrepreneurs will be able to pay for Bitcoin. TechCrunch also addressed the topic.
Inhabitants will be able to pay a total of 23 types of taxes, such as taxes on cigarette sales or income tax. Payment can be made via the ohiocrypto.com portal, which appears to be inaccessible from Europe. The system only accepts bitcoin yet, but other cryptographic currencies may be added in the future.
The state itself does not get bitcoins, but classic dollars. Bitcoins will be processed by the BitPay payment gateway, which will then transfer the cryptocenter to US dollars and credit Ohio for the account.
Great variability of bitcoin course was also considered. To pay the tax, the payer will have 15 minutes during which the currency rate will not change. If it drops during payment, BitPay will take over the loss. Conversely, if the exchange rate rises, the increased value of the currency will fall to the benefit of the system.
Compared to conventional payments, payment has a few cryptocurrencies. It is fast, simple, secure, transparent and easy to track transaction flow. Initially, cryptocurrency will not be charged, after three months, one percent of the total is planned, TechSpot pointed out.
Mars’s InSight has sent another, high-quality photo
InSight spoke first images from Mars to Earth. A few minutes after the InSight spacecraft landed on Mars on Monday, she sent the Earth a “sweet and filthy” image that looked like a work of art to scientists, she wrote on Tuesday.
The photo captures mostly the smooth and sandy terrain around the probe landing site, but a single piece of larger size rock is in focus.
“I’m really glad that this is an incredibly safe and boring landing site,” said project manager Tom Hoffman after InSight landed on Mars. “That’s what we wanted,” he added.
A better shot arrived on Earth a few hours later, and others can be expected in the coming days when the dust lenses deposited on them are removed from the camera lenses installed on the probe.
The probe landed on Mars at 20.55 CET on Monday, and the first image from the planet’s surface arrived at the NASA Control Center six minutes later. InSight started off to Mars on May 5 from Vandenberg Air Force Base in California, USA.
InSight is an American planetary probe designed for the seismic research of Mars internal construction. In addition to the United States, Germany, France, Spain and Italy were involved in the development of instrumentation. The name of the probe is an acronym made up of the English name Interior Exploration using Seismic Investigations, Geodesy and Heat Transport.