New bill aims to introduce Bitcoin as a legal tender in California

New bill aims to introduce Bitcoin as a legal tender in California 2

Dennis Porter and Ian C. Calderon introduced a bill in California to adopt Bitcoin as a legal tender in the state. 

On 20 February, political advisor Ian C. Calderon wrote on Twitter that he introduced a bill in collaboration with Bitcoin expert Dennis Porter. The bill aimed to adopt Bitcoin as a legal tender in California. 

However, the majority of the people supported this bill as the next phase of Bitcoin adoption but on the other side, some people claimed that they are trying to use crypto as a payment method, not legal tender, a tweet like this can be seen below.

Arizona to adopt Bitcoin as Currency

After the entry of El Salvador into the crypto industry as the first country to adopt Bitcoin as a currency, many other countries’ players are also trying to bring similar rules and laws to adopt Bitcoin. 

In January of this year, an official of Arizona State introduced its total of three bills to allow the state agency to use Bitcoin in payment methods. The first drafted bill was aimed to allow the state to adopt Bitcoin besides US dollar use and the last two bills were introduced to support the first bill by considering the existing US constitutions.

First Arizona and now California, these things are showing that real use cases of crypto blockchain networks are coming, where government authorities will approve to use the same, thanks to the decentralized nature of this blockchain technology, which are supported in decentralized systems instead of any Centralized service.

Read Also: IOHK Successfully Implements Major Update in Cardano (ADA)