Less Costs to the State (lower transaction fees) + $0 set up fee. More secure than credit card transactions.
Safer/More Secure + Cheaper = Benefit
---
And yes completely constitutional. Nobody is issuing currency. It's simply providing a means of payment that is getting converted into US Dollars through a third party payment processor. BitPay was mentioned as a company that provides those services above.
It has just been announced that the hearing for this bill will be on February 12, 2015 @ 11:30 AM EST at the NH Legislative Office Building in Room 2002
If any of you would like the opportunity to speak on behalf of this bill -- your help would be welcome!
Q: "So what happens when there is a massive fluctuation in price"
A: Nothing, as all bitcoins would be instantly converted into US Dollars removing all currency volatility risk. I directly made sure that was in the bill to address that concern.
Best,
Rep. Schleien
Prime Sponsor of New Hampshire House Bill 522
Less Costs to the State (lower transaction fees) + $0 set up fee. More secure than credit card transactions.
Safer/More Secure + Cheaper = Benefit
---
And yes completely constitutional. Nobody is issuing currency. It's simply providing a means of payment that is getting converted into US Dollars through a third party payment processor. BitPay was mentioned as a company that provides those services above.
Hope this clarifies.
Eric Schleien Prime Sponsor