Ohio is now accepting Bitcoin to pay taxes.

State Treasurer Josh Mandel announced Monday the launch of OhioCrypto.com to make Ohio the first state in the nation to accept payments this way.

"We are proud to make Ohio the first state in the nation to accept tax payments via cryptocurrency," Mandel said in a statement. "We're doing this to provide Ohioans more options and ease in paying their taxes and also to project Ohio's leadership in embracing blockchain technology."

At no time will the treasurer's office hold the cryptocurrency. Payments made on OhioCrypto.com will be immediately converted into dollars before being deposited into a state account.

At this point, Bitcoin is the only cryptocurrency to be accepted. Mandel's office would like to add other cryptocurrencies in the future.

A fee is charged for the transaction.

The state has partnered with BitPay, a third-party cryptocurrency payment processor, to handle the payments.

OhioCrypto.com can accept payment on 23 different state taxes.