Bitcoin Forum

Finally US company pay his business tax via BTC so, we can say it's a good start of BTC in future..

I think this company started new revolution so that other company too think of paying tax or payment via BTC. If companies started pay via BTC then other country definatly accept BTC too.

What you guys think of Overstock participate or i can say start revolution in BTC world.

When have many company want to working with bitcoin will be positive news and make bitcoin price will growing up, we hope not only company at United State want to work with bitcoin, but around country do the same thing,

I know some companies in Russia and Kazakhstan, which accept payment for cryptocurrency and naturally BTC is in the first place for them. They also take in supermarkets in Brazil, at airports in Australia. A lot of good news come across lately. Therefore, I think the life of the BTC is just beginning and is soon recognized worldwide.

Yes, it's a new revolution in the taxing business and soon, if this is attracting more people to use bitcoin, the other company will join and will use bitcoin too. Besides that, it is a good start for bitcoin especially that the company is in the US because the US is one of the giant country and maybe the other big country will do the same. And soon, the other business section will give time to research using bitcoin as the payment system (or they already had this). It is good news for people who have bitcoin so they can use bitcoin to pay the tax and they can save their money for another thing.

this is progress for Bitcoin ... if superpowers use bitcoin as a payment tool and it is likely that other countries will do the same

Paying your taxes with bitcoins should not be the ultimate achievement for Bitcoin, but it is a step in the right direction if governments allow people to do that. I was just thinking that it might not be such a good idea, if you look at what happened with Lazlo <Pizza Guy>  ::)

Imagine paying 2 bitcoins now at $3700/BTC and then having the price go up to $20 000. <I would be pissed, if I paid that to the government and the value went up like that>  ::)

Yes, this is the truth, we can skip valuable things. And we know that how much is valuable the Bitcoin. This is more true Bitcoin overcome many Obstacle from the first time and it still alive with a very strong position. It was not so easy for others.

It's yet to see how this will reflect on bitcoin. Maybe some will think that using bitcoin to pay tax is some way to avoid or hide something.
But it could also turn out well because it might encourage other business to start accepting bitcoin and introduce it into financial system.

That company could be good example that if they success  to use bitcoin as part of their service then it is not impossible to other companies also will following them and i think bitcoin already one step ahead to makes people more confident to be used and i would be so glad if this happened for generally not only in US

Yes you are right, If super powers start giving crypto currency I am sure the whole nation will give green signal for crypto currency if this happens supply and demand will automatically increase also the value may go up.

When the internet was being innovated, people didn't actually believe in and now its the order of the day. The same scenario can be applied to bitcoin and cryptocurrency in general. Bitcoin is going to make a great hit within the next few years and we those who are already into it are going to make huge profits from our investments. The companies paying taxes in bitcoin is just a revolution for bitcoin and cryptocurrency as a whole

The revolution has begin , less that one  percent  is world population knows about bitcoin and other crypto currency  gradually bitcoin and Altcoin is getting popularity  across the globe .. Right now we are in digital  world every thing is moving from physical  to digital. when  talk about digital  money  is all about crypto Currency so nobody  can ever  stop bitcoin .. lets wait for the future to come , those who are against it today will join us every soon  ..   

in my opinion with the start of things like this, then we can begin to see that the future of crypto in payments is starting to become more attractive so that there can be massive policy reforms related to crypto, maybe initially only in that country but I'm sure this will continue to grow. Development of crypto is already started

absolutely right this is a new revolution that can make bitcoin grow rapidly. And this is the first time in the field of taxation, but with this in the United States, it might make developed and developing countries participate

A good start, but certainly not the direction or goal we ultimately want since we know that these taxes that are paid in BTC will just be converted to fiat at some point in time. We want merchants to accept our bitcoins, not the government who certainly wouldn't want the cryptocurrency to flourish. If we want to start a new revolution, try to ask merchants near you, or someone you know to take in BTC as a form of payment, because adoption is necessary to start a revolution. We won't get anything further if we just stop at paying taxes with BTC, we have our fiat for that anyway.

A good start, but.....
when they pay the tax bill to ohio, ohio will sell it and turn to USD immediately.
Basically another Hodler (overstock.com) getting out of BTC.

The revolution will be when Ohio keeps the BTC on there books without converting to USD.

merclyn

That is a great thing in the name of proving the security and trustable nature of the blockchain. That's definitely a positive adoption.

Yeah, it could be good start for bitcoin and maybe set a precedence not just in US but all over the world as well. So it could have a domino effect and the next thing we know, people starts buying not as investment or store of value, but the payment system that we believed bitcoin should be.

Certainly, paying tax with Bitcoin is good news and if this is a big company, others will tend to do so. It can also be as an advertising for this company. At least it took our attention. But on the other hand, there are countries where Bitcoin is more widely used, and I don't think they have a lot of influence around.

Paying tax with bitcoin? Then what will the government do when its prices hike up? How about its accounting?

It is indeed a revolution. But how will they cope up with the excess gains and losses?

Overstock was one of the first retailers to accept bitcoin so it is fitting that they are the first ones to pay their taxes in it too. After this, others will certainly follow. Especially ones that operate in Ohio

They're not getting out of BTC, if that's the case here they should stop accepting BTC payments. From what i've experienced merchants and companies that accept BTC convert all of the BTC that they receive.through an exchange to minimize the risk. You can't blame them for moving their BTC since it's meant to be spent and not hold in the first place.

I checked their site and it's mentioned on the how it works page that they will be using Bitpay.

this is good news in my opinion. because bitcoin has been implemented within the company. so despite the decline that occurred in bitcoin. but bitcoin is still applied to the company. therefore we don't just give up and we don't panic at the prices that are currently happening. because the rise of bitcoin will certainly occur.

I think if Bitcoin would be +- stable coin, everybody would use it in future.

Wow that is a good news company paying taxes using bitcoin
This news it might be bring positive imfact for bitcoin
And hope some companies follow their good ideas using bitcoin paying taxes

When more companies start to do transaction using bitcoin then its a great things that maybe could lead to another adoption, but it won't automatically make the countries accepting bitcoin, the government still can make the decision to regulate or ban after some trial, but if bitcoin could be implemented in some sectors then its a great thing, it show that bitcoin still got the potential

Such news will contribute to a positive mood in the market. It also helps bitcoin to be gradually popularized. Therefore, I believe that a new future is coming soon.

You can see the market will be in green just a few days and the market will go down again.
Investors are still holding back the coins they have and currently, there are still those who sell coins like Bitcoin and ethereum at low prices, I don't understand why they sell them, but they have good decisions to increase trading volume. I'm sure bitcoin will come back, but not for now, bitcoin takes a lot of time to get green again, and all of them are waiting for it

the government is not really accepting bitcoin on a large scale. i have only heard about some rare cases like one state doing this. and then it is a matter of who is willing to take that chance and pay with bitcoin!
so in the end you will see that the total amount received through bitcoin isn't that much. and who is to say what they will do with it. maybe they liquidate it right away through a service like Bitpay with some contract or something.

New startup projects prefer to accept payment via fast,smooth payment methods. Let's apply current cryptocurrencies to this purpose and whole image will be different than previous. BTC is not perfect for known advantages of crypto like fast, less comission, transactions per second.

Well i think that the more companies pay their own fees in the BTC the more BTC will be seen as a more efficient payment method and i hope that more and more companies will adopt this way to pay their taxes.Maybe in that way the government and banks will accept more easily BTC , but i'm not so sure about this.

Positive news will definitely have a good effect on bitcoin, not only for a country like America, but all countries in the world

With the acceptance of bitcoin in the company, it will make bitcoin stronger and more stable and the future of bitcoin will be brighter.

if some institution start paying with bitcoin or another cryptocurrency, i think that institution has the good future, because they want to use the latest currency technologies. if bitcoin and blockchain lost their popularity in the future, i think it will try to use another platform and try it

Dare to share some links?On what companies are these or even some proof that this is really happening now?
For me this is one of th best innovation for cryptocurrency that US companies are paying taxes using bitcoin,when i know that Arizona state is now accepting bitcoin

Every trader expect the same, uptrend is what we looking for no matter what happen.
Of course this is the fresh start to revolution because I believe , something big really change the crypto market which I believe in positive way.
Just hold guys, it's really work if you want to make massive profit in crypto !

Well bitcoin is being adopted by so many companies in recent time but the fact is bitcoin still need more adoption that will bring it to lime light cause their are still millions of companies that are not recognizing bitcoin and if they does it will be a great revolution to the entire world payment system.

That is a good signal about Bitcoin. When this company accepts to pay with Bitcoin, other companies will also accept BTC and this makes BTC more relevant and legal. I will wait for this in the future.

this is good signal for bitcoin and i know there  are many company who want to use bitcoin and with the acceptance of bitcoin by company ,bitcoin will be more stronger.

As a developed and large country, when there is an American company that accepts Bitcoin as a means of payment, it is a very good progress. more and more countries, especially developing countries, will begin to see this as good progress, hopefully more and more companies globally implement the same

Yes I would agree that its progress, but I don't think other countries will follow through , its a difficult situation for other countries

I think in some states in America it has involved bitcoin as a means of payment and transaction. so we say that it is no longer a revolution, maybe it is only an innovation made by a company.

"Bakkt aims to make Bitcoin trading safe for Wall Street. Now, a new acquisition confirms that the cryptocurrency trading company is speeding its plans to revolutionize the way people pay for everything from coffee to cars."

http://amp.timeinc.net/fortune/2019/01/14/bakkt-acquisition-consumer-payments?__twitter_impression=true

It will be a revolution! Can't wait  ;D

Many big companies in the world have now chosen BTC  to pay their taxes,  of course it is a good news for BTC. My belief is that the big companies in the world will gradually choose BTC to finance their money.

Any kind of improvement makes the way goes to eternal adoption of cryptocurrencies.  Although they are now alternatives, this kind of payment methods in different sectors have a potential to become superrior. Thanks a lot to people who are trying to make cryptocurrencies in use.

When companies start working with bitcoin, it definitely indicates its development. After all, the future of bitcoin depends on us. If we popularize it, it will help it to develop and also have a good influence on its cost. So such news can be called the beginning of something new.

I think the news is a nothingburger as far as crypto adoption is concerned.
It was a witty move by the company to steal the headlines for a day or two - crypto publications tend to drive a lot of traffic.
Great if you're studying their PR tricks, nothing important for crypto.

I think Bitcoin is a revolution. The more large companies will use Bitcoin, the more it will have an impact on the global economy. It's hard to believe but true.

US government is on the test on how crypto really works and if they'll find out that there is no problems arise in the future,  they'll might push SEC approval for these. Crypto regulations is very important to make additional gains of trust from big investors as well as for small companies.
Hopefully this could create another drama and make chance of mind from regulatory boards and proceed to regulation.

If this news you shared are true it's good as you said it is possible to company's revolution start accepting bitcoin for paying taxes.
But the question is how to use bitcoin pay taxes if the state can't accept bitcoin as leaglly, sorry do not offend it's easy to bring good news but how it's working and can you shared a proof.

How did you say that if they paying their tax via bitcoin called a revolution? I think they accepting the new technology and new way of transaction and payment we didn't called them as a revolutionary. They is good start for those big company that paying tax via bitcoin.

Maybe you mean what Ohio has done
Where it declared its acceptance of BTC as a means of paying taxes
Of course this is a good step towards universal adoption
I think the spread of this positive trend towards the BTC
Will have a positive effect on the federal government's decision regarding the BTC.

More and more companies around the world start to accept payments in cryptocurrency, including Bitcoin.
On the one hand, it is a revolution, but on the other hand, it's a coherent and consistent development of digital technologies.
Some sectors of used-to-be material world turn into a digital space.
It certainly brings new areas to explore and new knowledge to gain!

Let us wait for 5years to see its fully grown program.
I do believe of domino effect. Once this business succeeded others are attracted and eagerly search for what's new trend to be inline. After finding out they aggressively apply the techniques and others become attracted to and so on. Until one day the world is open to cryptocurrencies no more decentralized system if possible.

What sounds very impressing if we think that US has strong regulations with regards to Bitcoin and they seem that they don't like them. If this happened once then maybe more companies are going to follow in the future. Do you have any link to share about this topic? It sounds weird and impressing and I want to read more about it.

That was a good news of some company accepting bitcoin, And ill think that was a good start so that some of company will accepted bitcoin also. But for now they are moving forward on what bitcoin can do.

this is progress and good news for the development of bitcoin, i hope not only american countries use bitcoin but other countries also do it to start payment

Paying taxes for bitcoins in the United States is a good example for other countries how to use bitcoins. Therefore, I think soon bitcoin will be used in many areas of human life.

It's a great start of a long journey of implementing bitcoin as a currency. If all businesses support this initiative, this implementation process will be much faster and we will be able to use bitcoin for its intended purpose.

I like that there are more and more brave companies that dare to accept bitcoins and implement them into their business. This means that the technology is still relevant and will be used for its intended purpose.

maybe what you say is the hope for all investors who invest in crypto currencies, in my opinion the most important thing right now is not the price or the value that has decreased but the legality problem of the country with crypto currency

Good new revolution to everyone people,who keeping this opportunity.i think if US this company will got success their Bitcoin paying tex then hope will follow many company.this good think to everyone Bitcoin lover, because if this system will increase available another countries.even definitely doing Bitcoin supply increasing and price also.So I want to do every countries will be following to use Bitcoin world.

I think this is a good step for Bitcoin because of its existence. this news will start the success of bitcoin this year and this could have an impact on the price increase

Well there are a lot of factors that can affect the trajectory of the price and it being accepted largely by governments would be a big boost. Currently we have stagnant news so the value just sways with natural volatility. Nothing major and would likely be so for the next few weeks.

There's a right time for everything bro. it is true that lot of companies now especially the whale companies like Apple, mercedez benz, Dell and more are now involved or connected into blockchain technology if I am  not mistaken. Where if all companies adopt this system of bitcoin features for sure the Revolutions for this business will start sooner or later.

I don't think it's up to the superpowers. In fact, if you look at adoption, it's the poorer countries that have been making a lot of headway in the past two or three years; they have more relaxed regulation as well as a proportionally large user base.

This is definitely good news. If there were more such companies, Bitcoin and cryptocurrency in general would have developed much faster. I believe that the main problem of Bitcoin is the fact that it is still difficult for Bitcoin to pay for goods or services. Of course, there are already quite a few companies in the world that accept Bitcoin for payment. But in the general financial settlement system, the bitcoin share is simply negligible. That is what needs to be changed. You need to embed bitcoin in the real economy.

This is all brand new technology.  A very small percent of the worlds population barely knows what Bitcoin is. We should be teaching Blockchain and Cryptocurrency in schools and adopt the technology much more. Only then will we see the true potential of Bitcoin.

It maybe a new start to the government to increase their earnings from crypto industry as well,but revolution means the entire system needs to be changed we don't have to gt excited to pay in bitcoin because already bitcoin will be accepted everywhere that is what kind of revolution we are looking sore,so don't care much about the small things happening around the world.

blockchain is a revoulution and its already using in various way.blockchain is the most transparent way to manage anything and bitcoin and cryptos are the path of blockchain.

I think it's too early to talk about the Bitcoin revolution. At the moment, the foundation for it is just being prepared.As we can see, and most likely it will be so, Americans will be the first to legally make purchases and pay taxes using Bitcoin.In general, this is a very good trend.

Great information and i think it is a new start for a revolution and of course bitcoin is going through a successful path than the past by adapting into businesses and expanding its areas and gaining more users day by day so we can believe days that users who used bitcoin only for investments as a trading asset are over and it is becoming a real world currency that can be use for practical scenarios like Satoshi Nakamoto expected it to become so many can benefit its effectiveness

We cannot exactly predict BTC future but is definitely as new start  because we have to agree that bitcoin into businesses adoption rate in today is remarkable when comparing with its first few years because during that time it was used only as an investing asset but now many businesses beginning to connect bitcoin with there core transactions so doesn't matter  how far bitcoin will continue BTC has started something extraordinary 

Definitely a good start and it can be a revolutionary one when some day the final conversion what you have mentioned which is converting btc again into fiat doesn't happen but still it is evidence that bitcoin is moving forward in the financial world with adoption into governments, small and large scale businesses specially targeting online market even some major centralized organizations made restrictions and regulations for existence of bitcoin but even such parties are becoming more and more open mind because there potential qualities are undeniable and as a community we should this can be consider as a great step

I wonder how they do it, how can you do it in America? If this is true, then this is good news when large companies pay attention to Bitcoin, or other cryptocurrencies, but I do not think this is a revolution and the fact that such news can affect the market situation.

This is just a good start and an indication of more adoption of bitcoin by many company who will seize this opportunity to pay taxes to the government while btc  popularity will increase and gradually btc will attain a global means of payment of taxes and levies in countries that had already adopted it.

It is a great start and bitcoin is a beginning of something great and I believe that because it has so many potential qualities to change processes and functions in a business than any other invention today and that is the main reason it was able to make so much noise in few couple of years even we had major currencies in the world and if its journey continues like its users and the team expected it can make a revolution

I believed this is not the first company to accept or pay with  cryptocurrencies though it a great development but I think the major problem in the crypto space now is that many don't really know what crypto and blockchain is rather they focus on the profit aspect I think if we all can see beyond just getting profit the community will be more organized.

I think is the first step which can help mass adoption of bitcoin. If a government accepts bitcoin as a form of payment to pay for taxes, in some ways it is endorsing its use.

It's both. It has an advantage because in my country, some corrupt officials will extort business owners on their taxes and make them believe that they have not paid their taxes. So if the business owners use blockchain, they can proof that they are doing their obligations.

Surely a time will come when cryptocurrency in general will be used for this purpose, not just bitcoin particularly. The major constraint I see is that the use of cryptocurrency is still by little number. Right now, it’s all about awareness which is done by the daily usage.

According to statistics, about 5% earn, 5% at zero - the remaining 90% pay first, second and exchange. So there is not much difference in timeframes. Krupnyak does not go into the intraday as they almost always look for the least risky strategy, and this is prescribed in the contracts for control systems, plus because of the masses they cannot close quickly, because move the market. But there are also different departments in Krupnyak, including high-risk ones. Naturally, intraday is a more risky topic, many do not stand up to MM and break down - as a result of Kohl Margin.

Growth requires portfolio investors with a lot of money, even a few million people who bought a bitcock for a brother will not greatly increase the rate. But if large managers come, and pension funds are better, then there will be a much-awaited native landmine. Before going up, the cue ball should become a means of accumulation, preferably legal, such as antiques.

Now under 4000 we will approach, and drove down the hill to ride ...

Recently, adoption progress of bitcoin and other coins is going very slowly than many people expected and this kind of news is always a step goes to the revolution. If these examples become succesful, we will see others who may consider to accept bitcoin and other coin as a payment currency.

I don't think this is a new start or a revolution. Bitcoin and the crypto market is very much volatile, that's why it is not safe to use bitcoin as a payment service! If bitcoin could able to stick on a regular price then I think more US company will accept cryptocurrencies.

I think Bitcoin is one of the biggest revolutions of the last few decades. Now the cryptocurrency industry is not in the best condition. I think that when the bear market ends, the cryptocurrency industry will be better than now. Many scam projects may die soon.

No, don't say that. BTC transaction is impossible to get hacked. If people's salary get hacked it maybe that people's mistake not really secure their wallet. So, it is different, with transaction that not secure or human mistake.

Overstock made big first step as huge retailer involved heavily in Bitcoin.
It was really brave from them or the CEO itself. How it worked for them? I don't know, but for Bitcoin it worked very well.
Tax paying in Bitcoin is next step already achieved, we will see more soon :)

The payment through bitcoin with gov't taxes are automatically converted its value on dollar. Overstock is a big company but I don't think it's the  start of revolution.

Let's just say that it's part of the process that companies seeks to adopt bitcoin.

Since it was a tax payment, that means the government must have been on either end. This is a great progress in the bitcoin adoption process right at the heart of the most powerful nation. Hopefully individuals and nations can follow this path of revolution.

Right, many companies now are wanted to join in bitcoin cause they see they become successful when they join in bitcoin, many companies prove that. Not only companies but also many people are confident to use bitcoin not only in US but also all over the world they follow and believe in bitcoin.

Thats to good start to accept Bitcoins which will attract more mass acceptance of Bitcoins and can result for the rise in the price of bitcoins due to more demand for bitcoins in the crypto market with limited number of bitcoins and more demand the value keeps on increasing and Bitcoins will be the top most asset class and investment option to earn good returns.

Well their are so many companies and organization that have adopted bitcoin as their mode of payment in the salary to staffs because of this so many individuals are now adopting bitcoin as they secondary currency due to the freedom it offers them in they financial life bitcoin is going to be the most popularly used mode of carrying out online transaction.

yes, if our wallet is hacked by someone, it means we don't take care of it. because I think the wallet is easily hacked if we don't take good care of it. moreover the current situation is like this so many want to hack our wallets, if we are not careful now.

In this case, paying taxes with btc is the best thing. However, if bitcoin always decreases, won't that also affect the tax recipient agencies ?
Honestly i want to know more about their responses

i think this won't change anything. they cannot help the market go up again

For me, it does not depend on how US company pays via BTC, it still depends on how companies will get interested in BTC. Still, a lot of company does not accept bitcoin maybe because of its changing value. It is really hard to rely on bitcoin and we don't have any assurance that bitcoin will truly recover. Maybe even if the US makes to pay tax via bitcoin that doesn't mean that other countries will accept bitcoin too.

I think most of the companies that will adopt bitcoin as one of their payment system were mostly in wealthy countries like US, Japan and the European countries because they have the technology and funds to implement it. The adoption revolution, if there is any, will start from countries that are open to cryptocurrencies and with bitcoin already legalized.

I think if everything was run smooth, the other company or country would start to use bitcoin to pay a tax. Maybe they have a curiosity with bitcoin, and they want to try to make their first transaction in bitcoin. Then if many companies use bitcoin too as Overstock, then the process of adoption will works good because bitcoin can reach more company to know about bitcoin. Of course, this will bring good news for bitcoin, but I am a bit worried about the fluctuation of bitcoin price.

Many country have accepted bitcoin as transaction payment and we are waiting when our country Indonesian will accepted bitcoin, we need support from government to make bitcoin as legal transaction and make bitcoin more popular at the people and actually price of bitcoin will growing up and have higher price, always waiting when bitcoin and altcoin become legal transaction in my country and allowed not only for investing but also for transaction payment.

Before the company start using the system they already knew about the fluctuations, they are using it right now as a system to lessen the delays
a good start for mass adoptions, after the succession of this first step more company and government institutions will follow, what will happen next will
be the process of supply and demand, the more needs the more value to go high.

It will be now on what would be the outcome of this adoption, things will be changed up and more countries will follow to this process, need some
more time and it will evolved right after.

There are many changes in our economy and even in our society if the mass adoption will happen. People will not be hassle anymore because of the lightning transaction of the bitcoin. There are high possibilities that the economy of a country will increase through adopting bitcoins.

Bitcoin began to be used as an alternative payment by many companies, because the reception of various parties was very positive.
I see this as the beginning of a change in the traditional financial system to digital, because if it does not follow the changes it will be out of date.

I just read this news from you. If this news is true, surely this will be one of the good news in early 2019. By paying taxes using BTC, it is a new beginning and an extraordinary progress. Anyway, can you give me a news link that you shared? I will gladly read it to completion. Thank you

Since we are in a bear market, it affects the volume of demand since people are quiet scared to incur loses. I believe the moment we enter in a bull market, the demand will start to grow. This kind of news is really good especially the US since its a big country and they can influence more country and people.

I think that we have been waiting for this news for a long time, there is no doubt that the world of cryptocurrencies is waiting for a revolution, if we do not transfer money to Fiat, but will spend cryptocurrency, then we will be able to see red days much less often. Personally, I am very pleased that the concept of decentralized forms of government is gradually going up.

Bitcoin is the currency that started the revolution in decentralized currencies. There should be something or someone to start anything new in the world and for digital currencies bitcoin was that leader and it did a tremendous job and even its price had collapsed Bitcoin will be better than fine in the future and many predict Bitcoin will be considered as a mainstream currency in the world and Bitcoin will definitely change the inefficient banking system and other traditional and non advanced organizations by proving blockchain based decentralized cryptocurrency transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world

I will invest more than sell and buy it makes me dizzy in financial management I better HODL or investment and the right time I sell and it makes me excited again and get a higher profit

Of course it is very good news if there are already some countries using Bitcoin payments in his country, when in fact like this maybe there will be many more who will use the bitcoin, so market saturated as it is now coming to end

People have many approaches regarding this one and we dont know if this will bring us positive or negative results in the future. If this will bring us international Bitcoin acceptance an that is good. But remember, people are thinking out of the box this days, if they see this as a threat to banks for example, worst is it can lead to worldwide crypto ban.

Truth, they can definitely influence really good around the world.

However, bull market will come eventually and when it happens the hype will come back again with the exception of some people who won't enter as long as the big drops in the price continue. Still some years left for them though, but they are in fact a big opportunity more than a huge problem for now.

This is great and massive progress for  bitcoin and its not just going to be in the US but also in other countries i perceive this to be a positive news and a big influence about to emerge globally

Wow this fact really amazed me, searched and as I see it's tested in Ohio state, through their portal ohiocrypto.com (currently down) and Bitpay will process payments. Btw bitpay rocks again. Since it was done in Ohio and other states paused, maybe this means a lot of crypto and blockchain related projects will be done here, good idea. But at the same time I don't like it, as time goes, governments open gates for bitcoin and crypto but also set regulations.

There are few places where companies, shops, restaurants accept cryptocurrency as a payment method. This does indicate that bitcoin and other cryptocurrencies have been adopted in a few places as payment methods.
But the adoption rate is too less and will stay the same until bitcoin doesn't recover it's price. Many are afraid of it's large volatility in price and this is the reason why wide adoption of bitcoin may not be happening any time soon in the near future. Every thing takes time and I believe that wide adoption of bitcoin will happen but will take a lot of time to happen.

Usually, by nature, as it happens, every revolution is, in essence, a start, a desire for something new, to start something else that can change the world, or the market, or people.

It's great that companies join bitcoin and start using it. I think this can be called a new start for bitcoin, which will eventually lead to the expected success of the cryptocurrency in the world.

If every organization decided to introduce bitcoin into their business, the cryptocurrency would have long become a full part of our daily lives. Therefore, such decisions are very important news for us today.

Please provide the source of this info. Some of us need proof to believe in such news people share here. Its not a bad idea for companies to pay their taxes in bitcoin and moreover in the US. If this information is true, then people who are not yet in the crypto space will be joining soon. But i think the US is trying their possible best to regulate the use of bitcoin which i think its highly impossible to do.

This can be considered a big coup that can help Bitcoin change its mind and accept it as legal. But this also helps us know that in the future those who own Bitcoin will have to pay the required taxes for holding it. This is a great thing to help it grow, but it restrains it.

Okay, there are two sides. From one point of view, with the entrance of government new money will enter the market so the capitalization will increase. But on the other side Satoshi created bitcoin as a currency which isn't under control from any government.

This bitcoin taxation is early start for bitcoin revolution and it could be snowball. In digital world, people prefer make transaction more faster and secure and bitcoin is good option if used as internet currency

That is very good, the steps taken by the company prove that the presence of BTC can also be useful for life, and issues that say negative things about bitcoin are just nonsense. let data and facts talk about positive bitcoin for now and in the future.  8)

Bitcoin is a currency that started a revolution but in order to continue that there should be adoption in large scale and I am not saying one or two companies trying to combine bitcoin with there activities for payment purposes but it should be happen in a large scale which can make big difference in our lives by improving how we spend our money and how we manage and store them but in order to that to happen users first change there view regarding bitcoin and the way how we use it it will change bitcoin to a revolution

I think it's good news especially with the current btc position. We should have more companies
like that who could revive btc
and it will grow still stronger and more stable

Yeah, it's a great start that will force more accountants to understand blockchain and BTC. I just hope that there is enough qualified ppl who will educate them in formal way about it. Atm I'm noticing more and more companies running training for those individuals but they are not doing it properly (still to high tech for most ppl)

we all hope that every country can work in bitcoin. but sometimes the situation is certainly different from what we predict. so sometimes every thing we want is not necessarily right. so it takes a long process so that every country can work with bitcoin. because for me bitcoin is also quite profitable for the company.

Things like this have to be improved because with the increasing knowledge about bitcoin and cryptocurrency, it will make the development of the direction of cryptocurrency faster and more evenly used by many people around the world.

I rate bitcoin will open a new history as a digital currency that is widely used in the next decade. I am optimistic that this will happen.
So it is not a revolution run by bitcoin, but an alternative to fiat money is in line with the development of an increasingly advanced era where many transaction processes use digital technology.

I hope in the future many more countries will start demanding for bitcoin use,this is a good start of something futuristic, I'm so bold enough to say success is only what waits ahead for bitcoin ,blockchain and cryptocurrency in general

do you know what you are talking about ? bitcoin taxation is bad for bitcoin users and majority of the people are not going to agree if they will be going to charge by a tax . because bitcoin is created to escape the centalization at the first place  . so do you think this can still make a snowball ?


agree on this one but i it think bitcoin isnt alone to be the best payment for online use .  bitcoin isnt really fast and secure because there are still waiting times for confirmation of the blocks  .  you can also be traced by anyone and they can stalk you and your balance when they click or search your btc address  .

In my opinion, I could say bitcoin in that case will have a new start. Since the US country is a big country, and let's say that the US has a big influence to the other country. So, as the US starts to believe and uses bitcoin for payments, maybe other country will now soon use and start to know the world inside the digital currency.

Well that may take the long road dude. I can't really say it's a start since online transactions are being done already with fiat but i think time will come when it will revolutionize the way we transact online. I guess that's the difference. We won't be seeing that yet i suppose but eventually btc will be a potent alternative.

What the US firm has initiated is truly a good thing. Already there were so many small scale firms doing the same upon the wish of the employees. Now this will help with the increasing adoption of bitcoin worldwide as well into the usage of bitcoin same as the fiat. A farm in Indonesia paid his employees with bitcoin as they found it easier to transact to their families living away. It is truly a part of the revolution.

It is not a new start and I don't think it's a revolution but it's an adoption. This is what the market needs, it's not a start for me because it has started even before. Transactions that accepts bitcoin are more of adoption and this is one of the adoption that we are waiting for.

They will do the same for sure in the future, most countries are following the trend and they are all waiting for a trusted country/company to initiate it.

I hope those people knew the risks of accepting payment in bitcoin/crypto currencies. I know accepting crypto currencies is sounds all cool, but still there are drawbacks. First of all the volatility can become a ugly issue for the employees. The price might drop anytime and thus they might end up being in serious financial issues all of a sudden. Again, fiat conversion but become a hassle for them. We still need to develop more in this field before we can completely accept it as a normal currency.

It is great but I wonder why would a company buy bitcoin and pay their taxes with it if their businesses have nothing to do with cryptocurrency? Bitcoin price is very unstable and very volatile, will it be preferable for them to buy bitcoin and pay their taxes with it or just pay the government with the money they have from their businesses. If it is me, why would I spend my bitcoin if I ever have in taxes, or why would I buy bitcoin to pay tax, what if bitcoin price suddenly rises or fall, will it still be better? I would rather safely hold my bitcoin instead of giving it to the government for my tax.

if the company pays tax using bitcoin, I am sure it will be able to make bitvoin more advanced and will bring bitcoin more prosperous, with prices that will be able to continue to rise.

We are heading for huge developments and it come into possibilities that bitcoin will be widely used for big companies including government transactions as a mode of payment. The climbing price we saw in the past days will be a good for starters and consider this one as a big opportunity to buy more as it only have a low price than of 2017 and from last year. 

This is some kind of a positive revolution. US are now open for the new kind of technology and cryptocurrency which will improve lives. We can see how this cryptocurrency blockchain truly gives radical changes like how they integrate bitcoin as a payment in business taxes. Hope other countries will consider things like this, too.

This is a great start and if the government already willing to accept bitcoin as a tax payment, I think the future is really good. We can expect a more expensive price if there's a mass adoption and if those business will choose to use bitcoin for sure they know the value of bitcoin will be high in the future.

this is a good step to use crypto currency as a means of payment. and the company has dared to use crypto for legitimate payments so that all countries can imitate the action. and this is a real example if we can use crypto directly for transactions without having to be converted to fiat currency. but regulations are enforced to protect sellers and buyers.
 

Kindly share those company?so we can check it on our own?but if this company’s are big enough to become an example and reliable,then maybe this is a new start as cryptocurrency is entering businesses for taxation’s..and lucky that America now is accepting payments for tax in cryptocurrency?sorry kinda late in news

I think the government will not legalize bitcoin as a currency because there will be 2 legitimate currencies in their country, some governments legalize bitcoin as an investment so they can be taxed. but its function can still be a medium of exchange,
whatever the reason for their legalization, this is a good step

But the wisdom for each governments are different, they won't comply what other government do. Especially for economic things, the situation economic of countries are different. They will decide to make a new rule with the economic situation in their country and they will adjust to the circumstances of some problems that will occur. Moreover, with the payment system thing where every countries has own payment system, surely they should formularize it wisely.

This is part of the advancement of the crypto. Although we need more than this to spike a bull run, the power that controls the world economic affairs must decide that bitcoin and cryptocurrency is a good way to go. This will come with some form of regulations which is totally not bad if this market is to conquer territories. We are still at our early stage, blessed are you for knowing this, for many are still at loss in a conflicting economic world.

This is not new absolutely but what matters is the kind of company that’s doing such. What bitcoin needs is major adoption by giant institutions that have members all over the world. These will boost general acceptance and increase such acceptance by other giants companies. This is a kind of revolution that I expect to occur in this space.

when many company joining crypto, and accept payment or use it service, im sure the value will increase. and it can be an example for other country that look down crypto.
they make easy crypto lover when want to pay after use their service. and icreasing popularity will be obtained by crypto itself

This good pose a good domino effect for all of us. If a progressed country tries to use bitcoin as payment on something, more and more country will use that. This effect is almost similar to us. Since, we have friends who are engaged in trading cryptocurrency, it gives us a hint for us to engage in cryptocurrency too. This could be a good start for a mass adaptation of bitcoin in the whole world.

Not that simple though bro. There have been progressive countries that are actually in favor of crypto and a lot of people have been using it as well for the longest time but we're still quite at a slow pace. We need more than that if we're going to ralk about a revolution. But i'm not complaining about our pace right now. I see this as a more realistic route to the revolution we're all waiting for.

With everything thas has been going on for the United States you might notice that Bitcoin price has stood for a while above 3.7k mark.
This means we can expect bitcoin will probabily (most likely) to go higher in the next months if new people start using it and buying some.
I have fait on the market and new investors. Let's hope for the best ::)

something like this will have a chain effect for all companies around the world. if the company in America begins to require buying and selling using bitcoin then automatically other companies outside of America that are related to trade will follow using bitcoin in each of their transactions. if something like this happens then in the not too distant future bitcoin will become the world currency.

Another great step towards a tremendous future has been accomplished by Bitcoin. The crypto space needs more companies of this sort to patronize Bitcoin. This will throw a challenge to all of its business competitors which will finally lead to the adoption of Bitcoin in the payment of their taxes. Eventually, awareness creation level will rise and Bitcoin adoption will increase accordingly. This is very positive for the market.

Although bitcoin is recognized, we still need more adoption to bring more people to cryptocurrency so crypto and bitcoin can grow bigger than before. I agree that this is a revolution and it also a new start because now people have more option to get another way to make money. They can also get a better life by searching for money from the crypto. I am sure that soon, our community will bigger and I see that the crypto have a bright future.

As we already got used to this kind of news, it might be the start of a new bull run, nothing more.

Usually,  when big whales have their pockets full of cheap Btc, they pay for articles in different media publications to raise the price for a good profit.

The bitcoin it self is a revolution in the world financial system and at that what ever has to do with it is all revolutionary in features for a company to pay it tax using bitcoin it shows bitcoin have indeed gain the recognition of the general public and even cooperation. Great news there looking forward to more companies adopting this medium also.

The government is obliged to protect transactions using crypto money to avoid disputes in payments, so that binding regulations are made to minimize this impact.
Companies in developed countries have used crypto money for transactions, salary payments, promotions and investments so that as a digital currency has strong legitimacy.

I think that in a few years the cryptocurrency assets insurance system will be introduced. This will be a big step towards protecting consumer rights in this market.

Companies are govern by law, they need to follow as the government grant them permit to operate.
 
For them to adopt bitcoin, the government also needs to regulate exchanges which is use for exchanging fiat to BTC, or BTC to altcoins, etc.
With government regulation, companies will not doubt to use this even if it's a new technology, maybe we can solve the volatility issue and this will be widely used as a payment system, investing also would be attractive as the pump and dump will be reduce or eliminated.

When large companies revolutionize their business by involving Bitcoin in it, of course this is very good news, with more and more companies already using Bitcoin hoping that crypto values ​​will be high.

We all must dare to start a new era, an era where digital currency becomes a major actor in the world financial system. technology has become increasingly sophisticated and the financial sector should be renewed. digitalization is a thing that must be applied globally quickly and precisely. Access to infrastructure as well as adequate network facilities can be a reference for why we need digital currencies. we can start from urban areas and then spread it to much wider areas. this is a need to support a much higher generation of technology.

政府不认可虚拟币的合法合规性，但认可条的基础技术原理，矛盾

if this attracts more people to use bitcoin, other companies will join and will use bitcoin too. In addition, this is a good start for bitcoin especially that the company is in the US because the US is one of the giant countries and maybe other big countries will do the same. And soon, other parts of the business will give time to research using bitcoin as a payment system let's wait for the future to come, those who oppose it today will soon join us ..

Wow, that's a welcome development.
So good to hear that. Government approving paying of taxes and other transactions with bitcoin will encourage quick development of bitcoin. If other countries to can go along with trading with bitcoin and making payment of bill. It would so much help.

yes this is good news. more and more companies and institutions such as taxes can accept bitcoin as a means of payment. it will make the news about bitcoin even better. if the news about bitcoin is positive it will affect people to buy and make the price of bitcoin increase. this also proves that every year more and more companies are using bitcoin. and make bitcoin more popular.

It is all about the understanding, some governments never have any plans to make a research and analyze the need for such a development. From my understanding governments which adopt earlier will get the best out of it. Already few countries have created their own cryptocurrency itself. In the coming years we'll see more similar news.

this is something or very good news for the future of bitcoin, and bitcoin will soon experience a lot of progress if every company pays taxes with bitcoin, because there will be a big revolution in that way.

This is a very good one although it’s not the first one that will take such step. However, this means there is more to come concerning bitcoin adoption from major company and organizations. There is great future for bitcoin as the revolution is just starting.

For me personally, it is part of the progress of a technology. Slowly but surely, he will revolutionize the existing old system

well, that's a great thing to hear! it could be a new stage in btc adoption.

Yeah, it is a good change and also it is not firstly company who work with bitcoin. I already know most of the companies are working with bitcoin. But it is good for us and also for bitcoin and also i wish this way will be continued because we need it more.   

I think something new appears after a revolution , right ? So cryptos are a monetary revolution yes but in the end I think bitcoin will be regulated and controled so watch out for new coins that are fully decentralized , both can bring you a new start.

The US has always fostered a new revolution, even the world knows every revolution developed by the US. But not all US-developed revolutions can be followed by other countries, sometimes there are countries that conflict with the revolution so don't expect more that all countries in the world will follow this revolution.
As long as crypto can still be enjoyed in my country, I will still continue to be grateful while waiting for other crypto developments in the future

if that is true then it will be good news for bitcoin and can grow the price of bitcoin,and if a large country does a revolution then that is an important point for bitcoin because some other countries will follow,but I think that requires a long enough stage.

I honestly think that it is a small step for crypto since paying tax via crypto in U.S. is not a news that we hear every day, especially it's not just an individual tax, it is a corporate tax. Let's hope that this can somehow be an eye opener not for just some businesses, but also individuals to start adapting crypto in their daily routine.

Since mid 2018, several regions in the United States have received tax payments with BTC and BCH. The government recommends paying taxes using BTC on the Bitpay platform. the American government made this decision because the use of virtual currencies would help the county prevent credit card fraud and identity theft.
I see this as a good first step in getting into the digital world.

I also guess it is like the first steps of crypto. Testing crypto in Canada and the use of crypto in the transport of Ukraine are the recent developments. As time goes by, it will increase even more, and then we can see it as a revolution.

Well, the government the company paid to will sell the Bitcoin for its native currency. This is the problem with selling to government agencies. Not sure if any government has a legitimate Bitcoin reserve. Their reserves are on their native or dominant foreign currencies