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Miami-Dade County Begins Accepting Bitcoin for Property Tax Payments

Miami-Dade County has officially begun accepting Bitcoin for property tax payments both online and in person. To eliminate cryptocurrency volatility risks for public funds, all transactions are processed through third-party intermediaries that immediately convert the Bitcoin into U.S. dollars before depositing funds into county accounts. The initiative, led by County Tax Collector Dariel Fernandez, stems from a task force established in 2021 and is restricted exclusively to property taxes. The rollout allows property owners to utilize Florida's early-payment discounts, which start at 4% for payments made in November.

Category

Bitcoin

Sentiment

Bullish

Event

Product partnership

Reading time

1 min