Richmond Hill municipality of Canadian Ontario has announced that soon residents and city`s companies will be able to pay real estate taxes by cryptocurrency – bitcoin doubler 2x has learned.
July 10th the city council approved partnership with Coinberry company. And start of accepting of taxes and other municipal payments in cryptocurrency will happen until 30 September of this year.
“We believe that demand for taxes and other payments in digital currencies will only increase in the nearest years, especially among the youth. We have found out that Coinberry has successfully implemented the payment system in Innisfil, and we have decided to do the same thing, because we don`t bear the cost of implementation and other risks. Thanks to successful experience of implementation in another city, it was much easier for us to take this decision”, – the vice-mayor of Richmond Hill Joe Di Paola claimed.
Pay attention that Richmond Hill is noticeably larger than Innisfil, where the opportunity to pay real estate tax by BTC has already been realized. In such a way, when in Innisfil live just 36 000 residents, the population of Richmond Hill comes near the point 200 000.