Bitcoin is crashing and burning and the state of Ohio has picked this moment to announce that they are becoming the first state to allow bitcoin payments for a wide range of corporate taxes.
Starting this week businesses throughout the state are allowed to use the crypto coin to pay for as many as 23 taxes with just 1% fee, which is a smaller charge than the standard 2,5% credit card fee.
For the time being the authorities in Ohio accept only Bitcoins and not any other of the major crypto coins like Ethereum, Ripple, Monero or Dash. Also, the option is limited to corporate taxes and citizens are not allowed to pay personal taxes with the crypto currency.
That seems like an odd choice, considering the circumstances.