Even though Crypto Tax Payment Initiative dey, Colorado dey see small adoption because of Bitcoin price wey dey change anyhow
Colorado, di first state for U.S. wey accept cryptocurrency for tax payment, don record onli 80 transactions for inside three years, wey total $57,211 among ova $11 billion for income tax wey dem collect. Di small use na becos of di wahala wey dey inside capital gains taxes and Bitcoin wey dey go up, wey dey make pipo no wan use am for payment. Payments wey dem do wit crypto dem dey change am to USD sharp sharp through PayPal, wit small direct crypto handling. Di state dey look stablecoins as better option wey go stable for future use, wey dey show say other areas like Utah and Louisiana dey check cryptocurrency for public payment, even wit worry say e no too make sense to use big cryptocurrencies. Di thing wey dem start, e be like sign more dan say e dey work, fit open way for better things to come for crypto inside government money mata.
Neutral
Di tori show say even though dem try, pipo wey dey use cryptocurrency pay tax still no too dey, especially if you consider how Bitcoin dey change anyhow and how dem dey tax gain wey dem get from am. Di talk wey dem dey talk about stablecoins as option dey show say market no too trust anyhow change and dey find better way wey dem fit use do transaction. But since na small thing dem dey do for one place, e no too affect market trend at all, so di tori no mean say market go change for now. So market still dey stable, e no shake because of wetin dem do.