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Ontario Town Approves Pilot Program for Paying Property Taxes With Bitcoin

Mar 29, 2019😃Bullish

The Ontario town of Innisfil, Canada, is now running a pilot program which will enable residents to pay property taxes with cryptocurrencies.

Per the CBC, Innisfil, in partnership with cryptocurrency payment processing project Coinberry Pay, will allow its residents to pay property taxes in Bitcoin (BTC), wherein the latter will convert cryptocurrency to Canadian dollars and transfer payments to the town.

In 2017, the town of 36,000 launched a tax-subsidized ride sharing program in a partnership with Uber called Innisfil Transit.

In the United States, the state of Ohio became the first to allow businesses to pay taxes using Bitcoin.

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