In Ontario, real estate taxes can be paid with cryptocurrency

The City of Innisfil, Ontario, Canada Approves a Pilot Program to Allow Residents to Pay Property Taxes Using Cryptocurrencies.

To do this, local authorities began to cooperate with the Coinberry Pay payment service, through which residents can pay with virtual currencies. Immediately after the transfer of funds, the platform converts digital assets into Canadian dollars and transfers them to the administration’s account.

Initially, the initiative provides for accepting payments only in bitcoins (BTC), but it is reported that support for other cryptocurrencies such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), etc. Further.

In Ontario, real estate taxes can be paid with cryptocurrency

Mayor of Innisfil says residents welcome and actively support innovative innovations.

Bitfury Group also recently partnered with payment service HadePay to help businesses accept Bitcoin payments through the Lightning network..

text: Ivan Malichenko, photo: shutterstock

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