Second Swiss town starts accepting Bitcoin for tax payments

Second Swiss town starts accepting Bitcoin for tax payments

By DimitarM | Welcome to my life | 30 Jan 2020


As we know back in 2016 a small Swiss city, named Zug started taking bitcoin for tax payments with the help of Bitcoin Suisse
As of this week, another municipality in Switzerland, called Zermatt applied the same system again using the services of Bitcoin Suisse.

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The system works this way - the BTC is converted by Bitcoin Suisse to Swiss franks using the actual price of BTC at the moment of the payment and then the FIAT is transferred to the municipality’s bank account.
That's exactly the kind of inovation we should be looking for to achieve the great goal that lies ahead of BTC - mass adoption. I can only say great decision from the Zermatt's administration. And I really wish we will start seeing more news like this regarding Bitcoin and all other cryptos.

One thing I'm not surprised about is the fact that Switzerland is the country where is this happening. They are out of EU and they cannot really be bothered with the laws that are introduced in the rest of Europe. And it looks like Switzerland is a place where Bitcoin slowly starts to be adopted on a state level. Which isn't something we can say about many other countries.

There is something else I want to point out - Bitcoin Suisse seems to be legit company and interesting offers. Perhaps it is not bad idea to check their services, which is something I intend to do. Just check the screenshot above - Staking ETH, Tezos, Dash, Lending, Stablecoins, Crypto-Exchange.

Anyway, I hope guys, you find this interesting.

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DimitarM
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Welcome to my life
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