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<h4><strong>In what is considered a landmark event, Louisiana has become the first US state to accept cryptocurrency payments for certain state services. </strong></h4> 
<p>State Treasurer John Fleming shared the news, noting that starting residents can now use Bitcoin, Bitcoin’s <a href="https://www.altcoinbuzz.io/?s=Lightning+Network" target="_blank" rel="noopener">Lightning Network</a>, and USDC to pay for select services.</p> 
<h5><strong>Louisiana First in the US to Accept Crypto Payments for State Services</strong></h5> 
<p>“By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing our citizens with flexibility and freedom in interacting with state services,” Fleming noted. Interestingly, the first crypto payment has already been made. It involved the Louisiana Department of Wildlife and Fisheries and was done using Bitcoin’s Lightning Network.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">LOUISIANA STATE GOVERNMENT ACCEPTS FIRST CRYPTOCURRENCY PAYMENT<a href="https://t.co/C9NqQbpEyo">https://t.co/C9NqQbpEyo</a></p> 
 <p>Louisiana State Treasurer, John Fleming, M.D. announces an innovative transition with state government’s plan to accept cryptocurrency as a valid form of payment. <a href="https://t.co/b9B0OK7Al9">pic.twitter.com/b9B0OK7Al9</a></p> 
 <p>— John Fleming, MD Louisiana State Treasurer (@LATreasury) <a href="https://twitter.com/LATreasury/status/1836492067289354412?ref_src=twsrc%5Etfw">September 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>According to the <a href="https://www.treasury.la.gov/_files/ugd/92c97e_ee5334e5115b4bada9445f8c345665ed.pdf" target="_blank" rel="noopener">announcement</a>, Louisiana’s crypto payment system is supported by a partnership with Bead Pay and other local partners. The goal is to reduce fraud and give residents greater financial freedom. Despite accepting crypto payments, Louisiana does not plan to hold onto crypto assets. Instead, it will convert all crypto payments into U.S. dollars to avoid the fluctuating nature of cryptocurrencies.</p> 
<p>Louisiana has <a href="https://www.altcoinbuzz.io/cryptocurrency-news/louisiana-passes-bitcoin-custody-protection-cbdc-ban/" target="_blank" rel="noopener">come a long way</a> in embracing cryptocurrencies. Its decision to accept crypto payments is a significant move for the broader adoption of crypto in the U.S. It not only highlights the growing acceptance of digital currencies but also sets an example for other states to follow.</p> 
<figure id="attachment_151145" aria-describedby="caption-attachment-151145" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-151145" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC.webp" alt="" width="928" height="474" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC.webp 928w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC-300x153.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC-768x392.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC-822x420.webp 822w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/North-Carolina-vote-on-CBDC-696x356.webp 696w" sizes="(max-width: 928px) 100vw, 928px">
 <figcaption id="caption-attachment-151145" class="wp-caption-text">
  No vote on CBDC
 </figcaption>
</figure> 
<h5><strong>North Carolina moves to ban CBDCs</strong></h5> 
<p>North Carolina has <a href="https://www.altcoinbuzz.io/cryptocurrency-news/north-carolina-blocks-cbdcs-with-new-law/" target="_blank" rel="noopener">paused plans</a> on launching a central bank digital currency (CBDC) due to privacy concerns. The state’s Senate recently overruled the governor’s veto. And introduced a law that blocks the use of CBDCs for state payments. The move also prevented the Federal Reserve from testing a CBDC in North Carolina.</p> 
<p>The US currently lags in the CBDC race. While no major economy has launched a CBDC, the US appears distant in the conversation.</p> 
<p><iframe title="Crypto Whales Are Buying These 3 Coins!!" width="696" height="392" src="https://www.youtube.com/embed/OAjB6Xk70qY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/louisiana-accepts-first-crypto-payment-via-bitcoin-lightning/">Louisiana Accepts First Crypto Payment via Bitcoin Lightning</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Louisiana Accepts First Crypto Payment via Bitcoin Lightning

Altcoin Buzz

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