Louisiana Government Begins Accepting Cryptocurrency Payments
Louisiana has become the latest US state to embrace digital currencies for government services, accepting cryptocurrency payments, according to Golden Finance. State Treasurer John Fleming announced earlier this week that residents can now use a variety of digital assets to pay for various state services. Residents can now pay with Bitcoin (BTC), the Bitcoin Lightning Network, and USDC, a stablecoin pegged to the US dollar.
The state says its first cryptocurrency payment has been completed, a fine paid to the Louisiana Department of Wildlife and Fisheries via the Bitcoin Lightning Network. Although the state accepts cryptocurrency as a form of payment, the funds received will be converted to US dollars. (Decrypt)