The adoption of cryptocurrency is rapidly increasing, with government agencies recognizing its benefits for their constituents. Already a popular choice for online gamers and gamblers with the introduction of USDT gaming with coins like Tether, crypto is now making life easier for those needing to register or renew their licenses at the Colorado Division of Motor Vehicles. This new payment option offers convenience and efficiency, allowing you to complete your transactions from the comfort of your home.

The Senior Director of the Colorado DMV had this to say about the recent development, “At the DMV, we’re always looking for ways to better serve Coloradans and leverage technology to offer our services. This new online cryptocurrency payment option is yet another way the DMV is providing innovative and convenient service delivery to our customers.”

In a partnership with PayPal that can only be seen as crypto-positive and progressive, the Colorado DMV is leveraging the payment provider’s cryptocurrency hub to process these crypto payments for Coloradans using the mydmv.colorado.gov service. The hub allows users to pay with a diverse range of cryptos but maintains that the full amount must be held in a particular cryptocurrency of the payer’s choosing when making payment.

While it is expected to change going forward as not only private entities use the DMV, at the moment, this crypto service offering is only available to PayPal customers with personal accounts and excludes business accounts. It is important to note that besides the amount being paid, the payer would be charged an additional $1 and 1.83% of the total amount as a service fee. The payer may also incur a gas fee when moving their cryptocurrencies to and from the PayPal crypto hub and their external crypto wallet, which must be done via the PayPal app.

The Colorado DMV is a relatively small but crucial step in Jared Polis, the Colorado Governor’s plan to make the state a crypto powerhouse. The Centennial state currently sits among other crypto-friendly states like Wyoming and Texas. This move was kicked off when he launched the Congressional Blockchain Caucus in 2016, a bipartisan group of U.S. representatives and staff tasked with ensuring crypto and blockchain development and how it can be used to improve and accent governance while protecting it from extreme, overzealous scrutiny and regulations.

Later, in 2019, Governor Polis passed the Colorado Digital Token Act, which “provides limited exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for persons dealing in digital tokens.” This means that businesses in Colorado will be able to “effect transactions involving the sale and transfer between certain persons of digital tokens secured through a decentralized ledger or database.”

The icing on this crypto-centric cake came in the summer of 2022 when Colorado became the first U.S. state to accept cryptocurrency as payment for taxes and other fees. In a statement that exemplifies what Governor Polis is trying to achieve in the beautiful state of Colorado, Conor Cahill, Polis’ press secretary, said this in a statement, “Governor Polis is proud to lead efforts to create a strong and dynamic crypto ecosystem that puts Colorado at the forefront of digital innovation.”

It is that same drive towards innovation that has led his government to the DMV. And with such interesting precedence, one can guess that there’s more crypto revolution to come out of Colorado in the years to come, perhaps starting with the legalization of crypto casinos; time will have to tell.