
“While some call Bitcoin an ‘existential threat to the state,’ local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards. E-Gov Link, an Ohio company that helps municipalities accept payments online for parking tickets, permits, and the like, now allows its customers to take bitcoin.- Bitcoin transactions can be processed at a fraction of the cost of other payment methods because they avoid the interchange structure of the legacy card processors.”
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