Canadian town to accept tax payments in Bitcoin (BTC) via Coinberry

20 Jul, 2019
by David Robb
Adoption
Canadian town to accept tax payments in Bitcoin (BTC) via Coinberry

A town in Canada is due to accept Bitcoin (BTC) as payment for its municipal taxes. The Financial Post reports that the local council of Richmond Hill voted to accept BTC for property tax.

The council made the decision on July 10, allowing residents, as well as businesses, to pay their property taxes in BTC. Richmond Hill is located just north of Toronto, with a population of over 200,000. It's the second town in Ontario to enable this option, after Innisfil, and both are making use of a payment processing platform provided by Canadian crypto firm Coinberry.

The partnership will explore the feasibility of Coinberry's technology being implemented by the Richmond Hill council, with a final decision to be made by August 30.

"We believe that the demand for a digital currency payment option is only going to grow in the coming years, especially amongst millennials", said Richmond Hill Deputy Mayor Joe Di Paola who moved the motion. "Our Council was aware of Coinberry’s successful implementation of a digital currency payment service with the Town of Innisfil, and since there was no cost and no risk to the City of Richmond Hill to do the same, it made the decision that much easier for us".

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