May 2018 JD Supra

Acceptance of Virtual Currency (VC) as a form of payment for goods and services is growing.  States like Arizona and Georgia have introduced bills that would allow Taxpayers in those states to pay their taxes with VC.  Two of the Big 4 Accounting firms (EY and PwC) are accepting Bitcoin as a form of payment for their services.  VC holders can currently pay for many things with their VC:  ranging from a Subway sandwich to Burger King (some franchises), taking taxi cabs rides in Argentina, lottery tickets in Minnesota or New Hampshire, books, supplies and gear at the Harvard and MIT Coop Stores, making donations to Autism Speaks or a Tesla.  On line giants like Microsoft, Overstock, Shopify and Expedia also accept Bitcoin as a form of payment.