Colorado DMV now accepts cryptocurrency for online services.

[Bananington]

On Thursday the DMW announces it now accepts online cryptocurrency payment through PayPal as a measure to provide a wide and convenient service delivery to their customers.

This is positive step towards world adoption of btc although Paypal will get high profit by charging high fee and attraction of the crypto users want to spent through Paypal credit card. Paypal interest toward btc start from 2014 and from that's time until today Paypal announced so many times about crypto but at last now in 2023 opened the door for crypto lovers.

Those customers who will be paying I'm cryptocurrency will have to do so through PayPal with a service fee of $1  plus 1.83% of  DMV total, asides PayPal fee that may apply for each transaction.

Why will someone pay high fee if there is already alternative available. Just sell crypto and convert into fiat and credit your Paypal and then use Colorado DMV. This high fee is making no sense here and only those will use who not much caring about fee.

If already btc is available for payment transaction without any extra charges then why need other payment mean? Colorado should think on it, If Paypal can accept crypto they could also do.

It is a great leap for PayPal to have delved into crypto business. Just as most browsers now have and include crypto wallet in their features, it goes to show how crypto is becoming a very familiar name world round. The U.S is one country that we see shortly going to adopt crypto currency because of the support most of its states have for it and the fact its sister country, Britain, has long approved crypto for payments and transaction, but under regulators watch.

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[mvdheuvel1983]

Those customers who will be paying I'm cryptocurrency will have to do so through PayPal with a service fee of $1  plus 1.83% of  DMV total, asides PayPal fee that may apply for each transaction.    

So, why would anyone choose to pay with crypto from their papal account when I can use a normal card and pay none of the fees?

This is starting to become infuriating, for real!
Bitcoin started as a "A purely peer-to-peer version of electronic cash".

And now, every single adoption from someone goes through an intermediary platform, and guess what, even if we exclude that major inconvenience that goes against the main principle behind it, it's also becoming more f* expensive to use crypto! I swear, sometimes I feel like I need to make a set of tinfoil hats because this looks like someone wanting to piss off Bitcoiners and intentionally making services available but with intermediaries and higher fees, just to make it look as Bitcoin payments are not the best alternatives.  No surprise that usage is losing steam and nearly everyone thinks of "investments" rather than daily payments.
/rant over!

Sadly, very sadly everyone has their own interpretation of crypto. I fear for the day when Satoshi interpretation of "A purely peer-to-peer version of electronic cash" will be thrown out of the window by these so called adopters and innovators. That's the day that Bitcoin will die. If I can use my card without being charged any fee, I will. I support Bitcoin but this is not the dream or the vision. This is subtle extortion.

[Ale88]

Those customers who will be paying I'm cryptocurrency will have to do so through PayPal with a service fee of $1  plus 1.83% of  DMV total, asides PayPal fee that may apply for each transaction.    

So, why would anyone choose to pay with crypto from their papal account when I can use a normal card and pay none of the fees?

This is starting to become infuriating, for real!
Bitcoin started as a "A purely peer-to-peer version of electronic cash".

And now, every single adoption from someone goes through an intermediary platform, and guess what, even if we exclude that major inconvenience that goes against the main principle behind it, it's also becoming more f* expensive to use crypto! I swear, sometimes I feel like I need to make a set of tinfoil hats because this looks like someone wanting to piss off Bitcoiners and intentionally making services available but with intermediaries and higher fees, just to make it look as Bitcoin payments are not the best alternatives.  No surprise that usage is losing steam and nearly everyone thinks of "investments" rather than daily payments.
/rant over!

I agree with you, accepting crypto payments through PayPal with several commissions to pay makes no sense, very few people would choose this method of payment. They could perfectly accept payments in their wallet and that's it. This news is not bad but it could have been way better, hopefully in the future they'll improve the system.

[NotATether]

On Thursday the DMW announces it now accepts online cryptocurrency payment through PayPal as a measure to provide a wide and convenient service delivery to their customers.

This is positive step towards world adoption of btc although Paypal will get high profit by charging high fee and attraction of the crypto users want to spent through Paypal credit card. Paypal interest toward btc start from 2014 and from that's time until today Paypal announced so many times about crypto but at last now in 2023 opened the door for crypto lovers.

It's like people are trying to make Paypal a CEX after all the other cryptocurrency exchanges burn out!

I can't imagine a universe where people have to go through Sillicon Valley anti-crypto companies if they want to buy and sell their coins.

Although I will dispute the claim that Paypal was interested in BTC since 2014 - if that were true, then there wouldn't be so many bans on accounts for buying bitcoin with them.

[DaveF]

Although I will dispute the claim that Paypal was interested in BTC since 2014 - if that were true, then there wouldn't be so many bans on accounts for buying bitcoin with them.

NOT and I repeat NOT defending PayPal here, but they had so many complaints with people getting scammed with try to buy / trade crypto with PayPal that they put up the ban. It was a knee jerk reaction to what was happening. Instead of putting in a better way of dealing with it (no idea what it would be) they just said no more crypto.

Good or bad, they are a public company and have shareholders to answer to. There is a cost to having customer services people deal with the issues, there is a cost to dealing with the chargebacks that people requested and so on.

-Dave

[Knight Hider]

You should correct the title: "Colorado DMV now accepts cryptocurrency for online services Paypal." No need for click-bait.

--Knight Hider