Canadian town experimenting with accepting Bitcoin for property taxes

29 Mar, 2019
by David Borman
Canadian town experimenting with accepting Bitcoin for property taxes

It has been reported by Cointelegraph that the town of Innisfil, located in Ontario, Canada, is testing out a new program that will allow for the payment of property taxes in Bitcoin and possibly other cryptos. The program was approved by the Innisfil council on March 27th. 

The essence of this endeavor is a partnership with payment processing project Coinberry Pay. Thanks to this partnership, residents can pay their property taxes to Coinberry Pay in Bitcoin, and the company will convert it into Canadian dollars and forward them to the town.

If this experiment is successful, it may expand to allow for payments in Ethereum, Litecoin, Bitcoin Cash and XRP.

The mayor of Innisfil, Lynn Dollin, has gone on the record as saying that this is an effort to show that the town is in support of innovation. It is not the only forward thinking partnership Innisfil has seen, as the town also recently partnered with Uber in order to launch a ride sharing program.

If small places like Innisfil can start embracing Bitcoin, a larger adoption may just be around the corner. Stick with Chepicap for all updates!

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