At first, i thought it was good news for the crypto industry but when I read the article my joy faded out. Users can pay by cryptocurrencies through PayPal. What are the points of paying cryptocurrency then? I will just use Fiat to pay my bill! There is no mention of whether they will accept Bitcoin or not but they have said they will accept PayPal cryptocurrencies which could mean their own stablecoin. They have also said that a user can select any specific Crypo currencies to pay bills so there will be multiple crypto assets that will be accepted and Bitcoin can be among them.
Source:
https://dmv.colorado.gov/press-release/mydmv-now-accepts-cryptocurrency-as-payment-for-dmv-servicesI've read something similar to this topic, I think it was 2 or 3 days ago, and I just can't remember what the link was. The concept of accepting cryptocurrency as one of the payment options is good. That's why I'm not in favor of the payment method, but there's nothing I can do about it; that's the DMV system.
The strategy they made is only for all PayPal users who want to use the crypto as payment for those renewing their drivers licenses. But if you are not a PayPal user or do not have a PayPal account, you will not be able to avail yourself of their implementation of crypto payment.
And I think PayPal made a partnership here in Colorado so that they could also promote their own stable coin that they launched, which is pyusd, if I'm not mistaken from what I know here.