Another Swiss town now accepts bitcoin for tax payments.
The Swiss municipality of Zermatt now lets residents pay their taxes in bitcoin.
Zug was the first city in Switzerland to accept Bitcoin payments in 2016. Now Zermatt is applying the same pioneering spirit and, supported by Bitcoin Suisse, is driving forward the introduction of cryptocurrencies at a municipal level in Switzerland. Armin Schmid, Head Crypto Payments of Bitcoin Suisse, commented that: “By accepting Bitcoin as a means of payment, Zermatt finds itself once more among the pioneers and supporting a growing ecosystem of cryptocurrencies”.The new payment option is being offered via crypto financial services firm Bitcoin Suisse, according to an announcement Wednesday. Zermatt is a small town with a population of nearly 6,000.
Using Bitcoin Suisse’s point-of-sale solution, installed in the Zermatt town hall, residents can pay local taxes in bitcoin. For online payments, they will have to apply to the Zermatt Tax Office for a crypto payment solution.
Taxes paid in bitcoin will then be converted into Swiss francs by Bitcoin Suisse and be transferred to the municipality’s bank account, per the announcement.
“An innovative, pioneering spirit is one of the trademarks of Zermatt, which is why we are happy to support residents in providing them with the solutions they require,” said Romy Biner-Hauser, mayor of Zermatt.
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