In today's episode of Mid Mic Daily Bite, we discuss Louisiana's groundbreaking move to accept cryptocurrency payments for state services.

On September 17, the state completed its first crypto transaction using the Bitcoin Lightning Network for a fine paid to the Louisiana Department of Wildlife and Fisheries. State Treasurer John Fleming announced that residents can now use Bitcoin (BTC), Bitcoin Lightning Network, and USD Coin (USDC) for various state-related payments.

This development stems from a collaborative effort with Bead Pay to provide more flexible payment options while ensuring that all crypto transactions are converted into U.S. dollars, addressing concerns over currency volatility. Tune in as we dive into what this could mean for the future of crypto in government payments!

Source: https://finance.yahoo.com/news/louisiana-accepts-first-crypto-payment-131543507.html

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