“While some call Bitcoin an ‘existential threat to the state formerly http://www.bloomberg.com/news/2013-04-05/bitcoin-really-is-an-existential-threat-to-the-modern-liberal-state.html,’ local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards. E-Gov Link (archived link), an Ohio company that helps municipalities accept payments online for parking tickets, permits, and the like, now allows its customers to take bitcoin.- Bitcoin transactions can be processed at a fraction of the cost of other payment methods because they avoid the interchange structure of the legacy card processors.”
