Louisiana Accepts First Cryptocurrency Payment
Louisiana Accepts First Cryptocurrency Payment
Louisiana Accepts First Cryptocurrency Payment
News summary

Louisiana has officially accepted its first cryptocurrency payment, allowing residents to use Bitcoin, Bitcoin Lightning, and USD Coin (USDC) for state services. The inaugural transaction was a fine paid to the Louisiana Department of Wildlife and Fisheries, facilitated by Bead Pay, which converts crypto into U.S. dollars to mitigate volatility concerns. State Treasurer John Fleming emphasized the need for government systems to evolve with technology, while Republican State Representative Mark Wright expressed excitement about expanding payment options. This initiative is intended to reduce fraud and enhance transaction security, ensuring that the state does not directly handle cryptocurrencies. The move follows legislative efforts to embrace digital assets and ban central bank digital currencies (CBDCs) in Louisiana. Overall, the state aims to modernize its operations while providing residents with more flexible payment methods.

Story Coverage
Bias Distribution
50% Center
Information Sources
68e7fc5e-537b-4887-b796-fbd29c3156181e6e2b88-9c20-4867-ad64-eb815424807f
Center 50%
Right 50%
Coverage Details
Total News Sources
2
Left
0
Center
1
Right
1
Unrated
0
Last Updated
3 hours ago
Bias Distribution
50% Center
Related News
Daily Index

19Negative

Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News