A city in North Dakota participates in America’s crypto adoption contest by accepting crypto payments.
Hercules Cummings, City of Williston Treasurer, announced Thursday that the city council has partnered with crypto payment company BitPay to accept cryptocurrencies like Bitcoin (BTC) as payment for utility bills.
We have partnered with BitPay, the largest virtual payments merchant, whose partners include Microsoft and Facebook. We are the first municipality in the state of North Dakota and the third in the country to offer this service.declared the city administration.
Public utility bill payments are the only bills initially eligible for crypto payments.Cummings added that the city will be conducting quality assessments to expand the new payment method for bills such as licenses, landfills and permits. The new payment method is in line with the city’s commitment to research more payment methods to keep up with existing payment alternatives and enable contactless payments.
“There are a number of benefits to using these online payment methods, including security, convenience and cost savings,” said Cummings. According to the ad, BitPay charges a 1% fee for paying utility bills online, versus a 3% fee for payments through services such as Google Pay, Apple Pay, and PayPal.
Williston residents can visit the city’s official website and provide their account information to receive a BitPay bill. People can create a digital wallet for payments directly using BitPay or other services like a cryptocurrency exchange, the ad notes.
Several US states are currently considering crypto-friendly legislation. Earlier this week Nebraska lawmakers advocated an initiative that would allow state banks to deal with cryptocurrencies. The Mayor of Jackson, Tennessee, launched a campaign to pay public wages in Bitcoin and attract cryptocurrencies for city balance sheets, with similar proposals being repeated in Miami, Florida.
According to Newsweek magazine, up to 46 million Americans, or 17% of all adults in the United States, owned bitcoin as of May 2021. A survey by the cryptocurrency exchange Gemini previously estimated that only 14% of the US population, or approximately 21 million adults, owned cryptocurrencies as of the end of 2020.