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Saturday, January 23, 2016
Bitcoin is now a legal form of payment within the state of California thanks to a new bill signed into law yesterday by Governor Jerry Brown.
It may seem a little strange that Bitcoin wasn’t already legal within the state — considering how large a role Silicon Valley played in both legitimizing and showing the business potential of all crypto-currencies. Also, Bitcoin was already being used by a number of businesses in the state as well as Bitcoin ATMs.
The bill itself actually repealed an older state law that prohibited the use of any currency other than the U.S. dollar. With the repeal in place, Californians are now free to use Bitcoin, other crypto-currencies, and even rewards points from loyalty programs.
To get started you will need a wallet to collect and store bitcoin. A good place to start is Coinbase. I like coin base because you can not only store your bitcoins but you can also link credit cards and checking accounts to buy and sell bit coin. I will be providing web sites where you can collect bit coin. Feel free to comment.