A picture taken on Feb. 6, 2018 shows a person holding a visual representation of the digital crypto-currency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv.
Coloradans seeking to renew a driver’s license or vehicle registration online have a new payment option: cryptocurrency.
The Colorado Division of Motor Vehicles announced Thursday that myDMV now accepts cryptocurrency through PayPal for online payments.
“At the DMV, we’re always looking for ways to better serve Coloradans and leverage technology to offer our services,” DMV Senior Director Electra Bustle said in a news release. “This new online cryptocurrency payment option is yet another way the DMV is providing innovative and convenient service delivery to our customers.”
Coloradans can now use PayPal cryptocurrency when paying for driver’s licenses, identification cards, vehicle registrations or other DMV services online.
“Those who choose to pay with cryptocurrency will be directed to PayPal, where they can select a specific cryptocurrency to use for the payment,” the release said. “A sufficient amount of cryptocurrency to cover the transaction and fees is then converted to dollars and remitted to the DMV to complete the online transaction.
There is a service fee of $1 plus 1.83% of the DMV total for paying in cryptocurrency. PayPal fees may apply. PayPal is the only cryptocurrency provider accepted at this time.
For more information, go to DMV.Colorado.gov/Cryptocurrency.
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