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Florida to Pilot Blockchain for Medicaid Payments

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Thu, 12/09/2021 - 15:59
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Alex Dovbnya
Florida is turning to blockchain in search in innovation
Florida to Pilot Blockchain for Medicaid Payments
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Florida Governor Ron DeSantis has announced the state's $99 billion "Freedom First Budget," which has a place for crypto innovation.

DeSantis' budget includes a pilot program that will allow Medicaid payments in crypto, bringing the technology to the Agency for Health Care Administration (AHCA).

The program also aims to integrate blockchain into the Florida Department of Highway Safety and Motor Vehicles (FLHSMV).

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Apart from that, the proposal will also allow corporations to pay city fees in cryptocurrencies:

Florida encourages cryptocurrency as a means of commerce and furthering Florida's attractiveness to businesses and economic growth.

Florida is known as one of the most crypto-friendly states, with the mayors of Miami and Tampa recently volunteering to collect their entire salary in Bitcoin.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.