Mississippi Treasury now accepting Venmo, cryptocurrency for college savings plan

In an evolving world where cash and cards are becoming more antiquated, State Treasurer David McRae is integrating new forms of payment for Mississippi families looking to lock in affordable college tuition rates for their pupils.

Families can now use PayPal and Venmo for gifting and cryptocurrency to make payments toward their college and career savings plans through the state treasury’s office.

“Mississippians don’t need government telling them how to save. They just need government to get out of the way,” McRae said. “As one of the first in the nation letting residents invest in their child’s future using crypto and Venmo, along with traditional funding sources, we’re cutting red tape and bringing a little innovation to a system that’s been stuck in the past.”

The Mississippi Afforda