Colorado DMV Integrates Bitcoin Payments Through PayPal
The Colorado Division of Motor Vehicles (DMV) recently shared that it has incorporated Bitcoin as a payment method.
This development is facilitated through PayPal, allowing Coloradans to renew driver's licenses, identification cards, and vehicle registrations using Bitcoin.
Senior Director Electra Bustle commented, “at the DMV, we’re always looking for ways to better serve Coloradans and leverage technology to offer our services.”
Bustle added that this latest online payment feature further highlights the DMV's commitment to offering innovative and user-friendly services to their patrons.
Here is the process:
- Customers opt for the Bitcoin payment method.
- They are redirected to PayPal's portal.
- They then select to use Bitcoin for the transaction.
- The Bitcoin is automatically converted to U.S. dollars, which covers the total amount and any relevant fees, and then transferred to the DMV.
It is important for users to be aware that there is a service charge for using Bitcoin. This includes a fixed fee of $1 and an additional 1.83% of the overall DMV charges.
On top of this, PayPal may include its own set of fees. Currently, for online DMV transactions, PayPal is the only Bitcoin payments service provider.
For more details on this new development and instructions on using Bitcoin for DMV services, visit the official Colorado DMV website.