Bitcoin adresa utility, City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
International press articles about news and trends in financial services technology City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin In order to unlock the new tax payment option, the authorities of the Zermatt bitcoin adresa utility partnered with Switzerland's major crypto financial services company Bitcoin Suisse. Bitcoin Suisse to convert Bitcoin into Swiss francs According to an announcement by Bitcoin Suisse, Zermatt started accepting Bitcoin as a means of payment for local taxes and transactions on Jan.
By partnering with Bitcoin Suisse, the authorities of Zermatt are now able to convert taxpayers Bitcoin into Swiss francs through Bitcoin Suisse which then transfers the amount in fiat currency to the municipality's bank account. Taxpayers are able to pay online or via Bitcoin Suisse's point-of-sale device Specifically, local taxpayers will be able to pay their taxes in Bitcoin via a point-of-sale tool installed in the Zermatt town hall or an online payment portal.
However, in order to pay taxes with Bitcoin online, the taxpayers will have to apply directly to the Zermatt Tax Office for a crypto payment solution, the announcement notes. Romy Biner-Hauser, the mayor of Zermatt, outlined that the new tax payment option aims to meet increased demand for Bitcoin-based tax payments: "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.
As reported by Cointelegraph, the capital of Switzerland's "Crypto Valley" began accepting Bitcoin adresa utility payments for certain city services such as public utilities in May The payment was reportedly capped at francs worth of Bitcoin.