Canadian Municipality Set to Accept Bitcoin for Property Tax Payments
A municipality in Canada is set to accept bitcoin for property tax payments starting next month as part of a one-year trial.
The Town of Innisfil, Ontario, announced Thursday that the cryptocurrency payment option will be offered in partnership with Toronto-based digital assets trading platform Coinberry.
Starting April, approximately 36,000 residents of the town will now see bitcoin (BTC) as a payment option on the municipality’s website. Other cryptocurrencies like bitcoin cash (BCH), ether (ETH), litecoin (LTC) and XRP could also be added in the future, according to the statement.