Thaddeus Batt News Today

Thaddeus Batt unpacks the complicated world of blockchain and the ways he is looking to implement the technology in Colorado.

You can learn a lot about people by how they have fun — so I went to ETHDenver to party. Between drinks, I heard about how people want to build a better web.

Polis says the payments would go through an intermediary, who will convert the rapidly fluctuating digital currencies to US dollars that can be deposited into the states treasury.

“We are getting a payment provider to accept crypto equivalent and deposit the dollars into the state’s treasury for that amount. It is kind of like credit card payments, with the bonus that there are no returned payments.”

Colorado will begin accepting cryptocurrency for tax payments as early as this June, Gov. Jared Polis announced on Feb. 23.