Louisiana's government recently accepted its first crypto payment, allowing residents to pay for state services using Bitcoin, the Bitcoin Lightning Network, and USD Coin. State Treasurer John Fleming stated that the collaboration with Bead Pay and integration partners aims to reduce fraudulent transactions. The crypto payments are converted to US dollars to mitigate concerns about accepting cryptocurrency. Republican State Representative Mark Wright, who advocated for crypto acceptance, praised the expansion of payment options. Louisiana previously commended Bitcoin's creator, Satoshi Nakamoto, for their economic contributions. In contrast, the state banned central bank digital currencies and established regulations for crypto miners and node operators. The move signifies Louisiana's embrace of new technologies and digital payment methods, marking a significant shift in government systems. Read more AI-generated news on: https://app.chaingpt.org/news