LAKE COUNTY, Fla. — Lake County is the opportunity of getting concerned within the cryptocurrency enterprise.
County employees are exploring how the county may settle for Bitcoin for fee of charges, and the opportunity of the county making its personal cryptocurrency.
Most individuals Channel 9 spoke with mentioned they use an old style checkbook or a bank card to pay for charges, so paying by cryptocurrency isn’t one thing they’d considered earlier than.
Cash saved with a financial institution backed by the federal government could be despatched from the financial institution to a enterprise or one other particular person, however cryptocurrency is altering that, at the very least for some.
What many individuals could not notice is cryptocurrencies like Bitcoin aren’t one thing bodily in your hand, it’s a digital type of cash not saved with a central financial institution. Transactions are recorded on a community of computer systems all around the world.
House owners pays electronically on to others with out utilizing a financial institution as a go-between.
“You understand, Gen Z and millennials are utilizing it fairly ubiquitously; now are utilizing it extra typically, at the very least,” Lake County Fee Chairman Sean Parks mentioned.
That’s why Parks is pushing county employees to look into accepting Bitcoin as a type of fee for charges on varied county providers.
He believes it will attraction to the youthful era, particularly these beginning small companies.
“And it will definitely ship a sign that we’re desirous to be extra business-friendly, and that we’re fascinated about the following era,” Parks mentioned.
He’d additionally just like the county to have a look at creating its personal “coin,” a Lake County digital forex, like town of Miami has completed. He says it may herald cash to the county every time somebody makes a transaction utilizing it.
Parks says he needs it to begin out as a pilot program, with charges for issues like permits and library charges, after which increase if profitable.