The new wave of currency is here.

If you are a business owner, you can now pay taxes using the cryptocurrency bitcoin.

State Treasurer Josh Mandel announced Monday that businesses can go to and sign up to pay their taxes through a third-party processor called BitPay. The service will convert the digital currency into dollars that go into the state’s accounts.

Only a one percent fee will be applied to each transaction.

Ohio becomes the first state to allow businesses to pay taxes with Bitcoin.

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Source: 10TV