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DENVER — Coloradans trying to renew their driver’s license or automobile registration on-line now have a brand new cost possibility: cryptocurrency.
The Colorado Division of Motor Vehicles (DMV) introduced Thursday that myDMV now accepts cryptocurrency via PayPal for on-line funds.
In response to a press launch, Coloradans can now choose PayPal cryptocurrency as a cost possibility when paying for driver license, identification card, automobile registration or different DMV providers on-line.
“On the DMV, we’re all the time searching for methods to higher serve Coloradans and leverage expertise to supply our providers,” stated Senior Director Electra Bustle in a information launch. “This new on-line cryptocurrency cost possibility is one more approach the DMV is offering revolutionary and handy service supply to our prospects.”
Those that select to pay with cryptocurrency can be directed to PayPal, the place they will choose a particular cryptocurrency to make use of for the cost. A ample quantity of cryptocurrency to cowl the transaction and costs is then transformed to {dollars} and remitted to the DMV to finish the web transaction, the discharge says.
There’s a service price of $1 plus 1.83% of the DMV complete for paying in cryptocurrency. Paypal charges might apply as nicely.
PayPal is the one cryptocurrency supplier being accepted at the moment.
For extra info, persons are requested to go to DMV.Colorado.gov/Cryptocurrency.
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