Gov. Ron DeSantis (R-FL) signed legislation on Tuesday to start the process of allowing Floridians to pay for goods and services with precious metals such as gold and silver. A report will be given to the state legislature,

According to The Florida Senate, coins used as legal tender must be clearly marked with their weight, purity and mint of origin. In addition, gold and silver coins recognized as legal tender will be exempt from sales tax, potentially encouraging more residents to use and trade in physical metal.

Under federal law, U.S. coins and Federal Reserve notes (paper money) issued by the U.S. Department of the Treasury are the only forms of legal tender accepted for debts, public charges, taxes and due