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What will be the total value of transactions made using cryptocurrencies for state services in Louisiana by the end of 2024?
3
State of Louisiana•Bitcoin•Louisiana Treasury Department•Lightning•Jeff Landry•Bitcoin Strategic Reserve•Louisiana•John Fleming
Resolution / Starting Odds
Less than $1 million • 25%
$1 million to $5 million • 25%
$5 million to $10 million • 25%
More than $10 million • 25%
Official reports from the Louisiana Treasury Department
Story
Louisiana Becomes First in the Nation to Accept Bitcoin and Crypto for State Services
Sep 18, 2024, 10:07 PM
The State of Louisiana has become the first in the nation to accept Bitcoin and other cryptocurrencies as valid forms of payment for state services. The Louisiana Treasury Department announced that it will now accept Bitcoin via the Lightning network, as well as USD stablecoins. This move is part of a broader initiative led by Governor Jeff Landry to establish a Bitcoin Strategic Reserve in the state. The first transaction was a hunting license purchased using Bitcoin. Louisiana State Treasurer John Fleming emphasized that this initiative aims to provide citizens with more flexibility and freedom. The announcement also included a prediction that the value of the crypto market will triple to $7.5 trillion by 2028.
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Similar markets
Less than $1 million • 25%
$1 million to $5 million • 25%
$5 million to $10 million • 25%
More than $10 million • 25%
Bitcoin • 25%
USD Stablecoins • 25%
Ethereum • 25%
Other • 25%
Yes • 50%
No • 50%
Tax payments • 25%
License fees • 25%
Utility bills • 25%
Other • 25%
Hunting and Fishing Licenses • 25%
Vehicle Registrations • 25%
Property Taxes • 25%
Other • 25%
Less than 1,000 • 25%
1,000 to 5,000 • 25%
5,000 to 10,000 • 25%
More than 10,000 • 25%
Ethereum • 25%
Litecoin • 25%
Ripple (XRP) • 25%
Other • 25%
Ethereum • 25%
Ripple (XRP) • 25%
Cardano (ADA) • 25%
Other • 25%