LAKEWOOD, Thursday, Aug. 31, 2023 — Coloradans seeking to renew a driver license or vehicle registration online have a new payment option.
The Colorado Division of Motor Vehicles is pleased to announce that myDMV now accepts cryptocurrency through PayPal for online payments.
“At the DMV, we’re always looking for ways to better serve Coloradans and leverage technology to offer our services,” Senior Director Electra Bustle said. “This new online cryptocurrency payment option is yet another way the DMV is providing innovative and convenient service delivery to our customers.”
Coloradans can now select PayPal cryptocurrency as a payment option when paying for driver license, identification card, vehicle registration or other DMV services online.
Those who choose to pay with cryptocurrency will be directed to PayPal, where they can select a specific cryptocurrency to use for the payment. A sufficient amount of cryptocurrency to cover the transaction and fees is then converted to dollars and remitted to the DMV to complete the online transaction.
There is a service fee of $1 plus 1.83% of the DMV total for paying in cryptocurrency. Paypal fees may apply as well.
PayPal is the only cryptocurrency provider being accepted at this time.
For more information, please visit DMV.Colorado.gov/Cryptocurrency.
The DMV is committed to providing services for all Coloradans where they are needed most, whether it’s in-office, online or on the go. Visit DMV.Colorado.gov/Anywhere to find out how you can DMV anywhere. Yes, anywhere.