The Colorado Division of Motor Vehicles has announced that myDMV started accepting cryptocurrency as their new online payment method via PayPal.
A senior director, Electra Bustle, said, “At the DMV, we’re always looking for ways to better serve Coloradans and leverage technology to offer our services.” Added, “This new online cryptocurrency payment option is yet another way the DMV is providing innovative and convenient service delivery to our customers.”
The user of Colorado(Coloradans) who is willing to avail the services like driver’s license, identification card, vehicle registration, or other DMV services online, can choose PayPal cryptocurrency as the payment option.
The crypto payment method will redirect users to the PayPal platform, where Coloradans have to select a particular cryptocurrency for the payment. The required amount of cryptocurrency to cover the transaction and fees is then converted to dollars and sent 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 as well,” the company said. They also mentioned that currently, they are only accepting crypto payment only through PayPal.
