Bitcoin as form of payment for government services

[btvGainer]

I went to verify and research if it is really true that bitcoins can be used to pay government services. I was surprised that there is one country that I have found that will accept bitcoins as a form of payment in exchange for government services. This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

What are your thought about it?

First it is not a whole country but a city in Switzerland that accept bitcoin for public obligations that cost 200 francs
(roughly 0.44 BTC ) or less.
But yes its a big move especially because it is one of the most visited tourist spot also and it can help spread bitcoin word throughout world.

[shinratensei_]

It would be nice if gouverments will accept bitcoin as a legit payment,

According to the fact bitcoin still, have a lot of the problem with the government permission and bitcoin is still not become the legal payment of the government.
Based on the regulation and bitcoin is not full fill the legal criteria of the legitimate currency by the government.

[SFL]

At present circumstances government is not going to accept bitcoin as a form of payment for its services. If it happened there will be more fun and comfort on using bitcoin.

[n0ne]

It would be nice if gouverments will accept bitcoin as a legit payment,

According to the fact bitcoin still, have a lot of the problem with the government permission and bitcoin is still not become the legal payment of the government.
Based on the regulation and bitcoin is not full fill the legal criteria of the legitimate currency by the government.

Lot of other issues will get uplift if governments regulate and accept bitcoin on payment services. Bitcoin as a legal payment is possible if the traditional currency is stopped and bitcoin is circulated keeping value backing. But it cannot come to reality. So countries could start accepting bitcoin through their own digital coins as more countries have generated coins based upon the same technology backing of bitcoin.

[Babayega31]

It would be nice if gouverments will accept bitcoin as a legit payment,

According to the fact bitcoin still, have a lot of the problem with the government permission and bitcoin is still not become the legal payment of the government.
Based on the regulation and bitcoin is not full fill the legal criteria of the legitimate currency by the government.

I don’t agree with that certain statement you are talking because my country highly recognizes bitcoin with a certain precautions that may comply with their regulations. Although it was not really adopted directly to payment of government services, the country is allowing the exchange of btc to fiat currency money which you can use in payment of government services. Indirect payment is legally used but direct bitcoin digital value wasn’t recognized, you really needed to cash it out to fiat currency as part of the country’s currency exchange system.

[requester]

few days back i had come across a good news for bitcoin user as we know that bitcoin is the father of all cryptocurrency and so Indian RBI's research department had initiated discussion to make  another cryptocurrency and various banks also had started the same and government had given green signal to bitcoin and may e in future they might accept it as payment for govt services also.

[avatar_kiyoshi]

Seems a news from almost a year ago. But good to know that, it's supported by the company related to bitcoin(xapo, shapeshift) around the city.
I'm curious how the implement works, I means it's still decentralized or become a centralized.

[Taki]

That's just the first step to bitcoin's legalization. I am afraid that after that will follow bitcoin's centralization and we may not see bitcoin the same as today never again. I would like this payment for government services in bitcoin would be at least with smaller fees. Today when I cash out my bitcoins to pay my costs I loose like 10% during the process everytime.

[warwar]

I went to verify and research if it is really true that bitcoins can be used to pay government services. I was surprised that there is one country that I have found that will accept bitcoins as a form of payment in exchange for government services. This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

What are your thought about it?

Yes it would be very possible to used bitcoin as a form of payment for government services, but for now, it cannot be used since government don't actually accept bitcoin. Though some countries accept it but i dont know if they used bitcoin as payment for government services. If this could happen soon, then it would be very nice and for sure bitcoin will become more famous, used by all people and bitcoin will be legalized to all countries.

Yeah no doubt.Bitcoins can be used as a government currency and a local currency along with traditional local curreny of a specific country.Base on demand and popularity and bitcoins and how reliable it is to use and so easy to navigate.Governmeny acceptin bitcoins as payment through them would be really possible in future

[Xester]

few days back i had come across a good news for bitcoin user as we know that bitcoin is the father of all cryptocurrency and so Indian RBI's research department had initiated discussion to make  another cryptocurrency and various banks also had started the same and government had given green signal to bitcoin and may e in future they might accept it as payment for govt services also.

Both Indonesia, Philippines and Nigeria are moving towards that direction. But there is a bad news in Venezuela miners and exchanges are placed in a hot spot by the government and banks. Miners are raided by the government and bitcoin exchanges are no longer allowed to use banking services. Hope what happens to Venezuela will not happen to other countries including Switzerland.

[olubams]

I went to verify and research if it is really true that bitcoins can be used to pay government services. I was surprised that there is one country that I have found that will accept bitcoins as a form of payment in exchange for government services. This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

What are your thought about it?

My thought about it is that it is a welcome development and also one in the right direction but we also need to be more careful because to the best of my understanding, for any government to accept the bitcoin then I see they have a way around the anonymity maybe from the forms to fill you then expose your wallet, then you are in the tax net immediately. But at the same time, its a commendable move and hopefully it can be sustained...

[positivezero]

I went to verify and research if it is really true that bitcoins can be used to pay government services. I was surprised that there is one country that I have found that will accept bitcoins as a form of payment in exchange for government services. This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

What are your thought about it?

Yes it would be very possible to used bitcoin as a form of payment for government services, but for now, it cannot be used since government don't actually accept bitcoin. Though some countries accept it but i dont know if they used bitcoin as payment for government services. If this could happen soon, then it would be very nice and for sure bitcoin will become more famous, used by all people and bitcoin will be legalized to all countries.

Yeah no doubt.Bitcoins can be used as a government currency and a local currency along with traditional local curreny of a specific country.Base on demand and popularity and bitcoins and how reliable it is to use and so easy to navigate.Governmeny acceptin bitcoins as payment through them would be really possible in future

Hope it would really happen. Because as far as i know, the country where i am now dont know about bitcoin and also dont want to accept bitcoin. All i can say is, i do hope it would really happen since it will help a lot especially in doing some transactions. It would be very easy and convenient in our part since we can send and receive, pay monthly expenses while staying in your house

[Kasabus]

Great news and will help bitcoin to be popular in the physical world, with government accepting bitcoin as a form of payment that is already a big one and I believe it will greatly help to increase the adoption rate of bitcoin. I would not be surprise if there will be another government agencies that will accept it, surely with this positive news, it will boost our confidence to hold our bitcoins longer and use it for our online transactions.

[beerlover]

This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

it's a cool little vote of confidence but why would it increase bitcoin's price? no one is gonna buy something to pay a bill. the bill will end up costing you more. people don't wanna spend bitcoin on the fun stuff, let alone the boring stuff.

Yeah, people who own bitcoin are so protective when it comes to spending them, they always think that they could save a bit more before starting to spend it because they are greedy, and even if they spend they spend it on worthless thing, governments won’t even consider bitcoin a currency because it is not that much spent, it just circulates around the bitcoin community not outside it.

[alisus]

I would argue, it may happen, but for now it's not all the government really accept bitcoin. Although some countries are actually receiving. If this could happen soon, it will be very nice and hopefully bitcoin will become an international currency.

[alisus]

It would be nice if gouverments will accept bitcoin as a legit payment,

According to the fact bitcoin still, have a lot of the problem with the government permission and bitcoin is still not become the legal payment of the government.
Based on the regulation and bitcoin is not full fill the legal criteria of the legitimate currency by the government.

This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

it's a cool little vote of confidence but why would it increase bitcoin's price? no one is gonna buy something to pay a bill. the bill will end up costing you more. people don't wanna spend bitcoin on the fun stuff, let alone the boring stuff.

Yeah, people who own bitcoin are so protective when it comes to spending them, they always think that they could save a bit more before starting to spend it because they are greedy, and even if they spend they spend it on worthless thing, governments won’t even consider bitcoin a currency because it is not that much spent, it just circulates around the bitcoin community not outside it.

[alisus]

This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

it's a cool little vote of confidence but why would it increase bitcoin's price? no one is gonna buy something to pay a bill. the bill will end up costing you more. people don't wanna spend bitcoin on the fun stuff, let alone the boring stuff.

Yeah, people who own bitcoin are so protective when it comes to spending them, they always think that they could save a bit more before starting to spend it because they are greedy, and even if they spend they spend it on worthless thing, governments won’t even consider bitcoin a currency because it is not that much spent, it just circulates around the bitcoin community not outside it.

[Pettuh4]

This is a very big news to all bitcoin users since it will spell out another price increase in bitcoins and a start of bitcoin legalization.

it's a cool little vote of confidence but why would it increase bitcoin's price? no one is gonna buy something to pay a bill. the bill will end up costing you more. people don't wanna spend bitcoin on the fun stuff, let alone the boring stuff.

Yeah, people who own bitcoin are so protective when it comes to spending them, they always think that they could save a bit more before starting to spend it because they are greedy, and even if they spend they spend it on worthless thing, governments won’t even consider bitcoin a currency because it is not that much spent, it just circulates around the bitcoin community not outside it.

Currently it might be circulating around just the Bitcoin community but there's room for improvement and that's why we all welcome this news of just a first government trying to use it as a payment for services rendered to him. We should encourage this and I know as we move in the future this action will escalate and other jurisdictions/governments will adopt it and the mystery surrounding keeping and not spending Bitcoin will be solved and everyone will embrace it without fear.

[megynacuna]

It would be nice if gouverments will accept bitcoin as a legit payment,but i think that this will end with a decrease or increase of bitcoin a lot because more people will use it

It will definitely be great because I think the problem with most governments inability to endorse and accept Bitcoin has to do with potential income tax skipping. Most companies and individuals can refuse to pay their taxes if Bitcoin is globally accepted but I think it will help all of us if it's generally accepted so I will urge the respective governments to employ this technology and enhance its security against people tgat might want to skip paying taxes.

[nydiacaskey01]

In my country there is an exchange site that accepts Social Security payments using Bitcoins. For the Government to start accepting Bitcoins as payments to services I think the Government needs to accept the fact about Bitcoin first however that might open up a can of worms as they (government) may also start regulating Bitcoins if that ever happens.