E-Gov Link Enables Local Governments to Accept Bitcoinselfnews Post Local governments who offer online payments can now provide their citizens with another choice of payment method. Integration with a backend payment processor provides the municipality with US Dollars that they expect. And the transaction costs are a fraction of traditional credit card purchases. E-Gov Link was quick to react to the guidance from the US Department of the Treasury (FinCEN), which came out last week, defining the parameters for using virtual currencies. This guidance clarified the rules, and opened the door allowing municipalities to accept Bitcoin. Government entities accepting Bitcoins is a natural evolution, as Bitcoin becomes more popular. Credit card purchases tend to carry high transaction costs due to the middle-man and due to the high costs of fraudulent online purchases, said Bill Nadler, president of E-Gov Link. Fraudulent purchases typically arent a major issue for municipal services, and so having a payment option that doesnt carry that heavy transactional cost is definitely a plus. Its one more option that progressive municipalities will offer their citizens. E-Gov Link is excited to be the first municipal software provider offering Bitcoin integration for their purchases. We know the Bitcoin community is passionate about using Bitcoin for payments, and will be demanding it of their local governments, said Nadler. Were happy to be here to answer the call, as municipalities scramble to find partners to help them with Bitcoin. E-Gov Link software is used by progressive municipalities in more than 60% of the states. E-Gov Link provides Citizen Request tracking, software to manage parks and recreation services, permitting, and other website products. E-Gov Link is a trade name of Electronic Commerce Link, Inc., of Cincinnati Ohio. Press Release Source Read other articles and announcements from selfnews Post Here 