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October 1, 2020
On the web
U.S. Economy Plunges 31.4% in the Second Quarter but a Big Rebound is Expected
CNBC
“The U.S. economy plunged at a record rate in the spring but is poised to swing to a record increase in the quarter that just ended. The Commerce Department reported Wednesday that the gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago.”
March 28, 2019
On the web
PayIt, a Payments Platform Designed for Public Services, Raises $100M+ From Insight Partners
TechCrunch
“PayIt’s platform is currently operational in the U.S. and covers a variety of applications that fall under the general category of public services that require government organizations and agencies to take money from us and issue us with certificates and other documents confirming we have done something official. They include Courts and Citations, Environmental Services, Health and Human Services, Motor Vehicle, Parks and Wildlife Services, Professional Licensing, Public Safety, Taxes, Turnpike and Tolling and Utilities.”
November 26, 2018
On the web
Ohio becomes the first state to accept bitcoin for tax payments
TechCrunch
“Starting Monday, businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially. Companies that want to take part in the program simply need to go to OhioCrypto.com and register to pay in crypto whatever taxes their corporate hearts desire. It could be anything from cigarette sales taxes to employee withholding taxes, according to a report in The Wall Street Journal, which first noted the initiative.”
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