Series Pt. 3: Want to Pay in Cryptocurrency? In Louisiana, Now You Can.

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 4 October 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a move toward modern financial practices, Louisiana residents can now pay for state services using cryptocurrency. “Louisiana has always, I think, lagged behind other states when it comes to doing things that are in modern commerce,” Louisiana state Treasurer John Fleming says, adding that he hopes to change that. Cryptocurrency is “going to have a huge role” in the future of finance, Fleming says. Sometimes referred to as digital currency, cryptocurrency does not require a bank account. Louisiana is now accepting bitcoin, bitcoin lightning, and USD coin payments. The first cryptocurrency payment was made to the Louisiana Department of Wildlife and Fisheries on Sept. 17. The digital currency payments are converted into dollars following the transaction, Fleming explains. The Louisiana treasurer joins “The Daily Signal Podcast” for the third installment of the show’s money and transparency series. In addition to explaining why the state is now accepting cryptocurrency payments, Fleming discusses his efforts to eliminate the Louisiana state income tax.

Transcript

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0:00.0	This is the Daily Signale Podcast for Friday, October 4th. I'm Virginia Allen.
0:10.0	Cryptocurrency has taken the world by storm.
0:14.6	And if you live in the state of Louisiana, you can actually now make payments using cryptocurrency.
0:22.0	Today I am so pleased as part of our money and transparency
0:25.8	three-part series we are ending with a bang today with the treasurer of the
0:30.3	state of Louisiana, John Fleming. He talks about some changes in the state of Louisiana, John Fleming.
0:33.1	He talks about some changes in the state why they are embracing
0:36.4	cryptocurrency the potentials, why it may or may not be a safer form of payment,
0:41.8	and whether he sees the future as a future full of
0:45.1	cryptocurrency. Stay tuned for this conversation and learn a little bit more about
0:49.7	what crypto is and isn't right after this.
0:53.0	Your government is out of control.
0:55.0	It's doing things it has no business doing.
0:57.0	It spends way too much money.
0:59.0	It gets involved in way too many wars.
1:01.0	It not only tells you what you can and can't say, it actively censors you.
1:05.2	And the things your government should do, it can't, or worse won't, do it all.
1:09.4	It can't keep your streets clean of crime and filth. It can't keep your neighborhoods safe
1:13.6	enough for kids to play outside. It can't even prevent your country from being
1:17.2	invaded by millions of illegal immigrants. Why is that? Because your
1:20.9	leaders no longer represent you, they represent themselves and their friends.
1:26.0	In my new show, The Signal Sit Down,
	...

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