Zermatt, one of the Swiss towns, partnered with the Bitcoin Suisse, a crypto-financial services provider, to enable citizens to pay their taxes in Bitcoin.
Swiss municipality of Zermatt decided to accept the tax payments in cryptocurrency. The service of crypto acceptance will be functional through the Bitcoin Suisse per the announcement on Wednesday.
Payments Via Bitcoin Suisse
Bitcoin Suisse is working in Switzerland for many years and has a bright record for providing crypto services in the country. It is already providing a crypto payment solution for another Swiss town called Zug since 2016. Zug was the first-ever city to accept payments for tax in crypto.
Armin Schmid, the head of crypto payments of Bitcoin Suisse, expressed his views on the partnership with new Swiss city:
By accepting Bitcoin as a means of payment, Zermatt finds itself once more among the pioneers and supporting a growing ecosystem of cryptocurrencies.
Zermatt, a prominent tourist resort, not only enables the residents of the town to access the point-of-sale device but also helps them to pay taxes at the communal level via bitcoin. The municipality has added the crypto payment solution as an option. The citizens will apply for the crypto solution via Zermatt Tax Office to pay taxes with BTC. The users will be able to transfer the bitcoin from their personal wallets after accessing the online payment portal through an email link.
Mayor of Zermatt, Romy Biner-Hauser, said:
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.
Recently, Bitcoin Suisse’s partnership with the Worldline / SIX Payment Services is giving the positive notion that cryptocurrency is penetrating into everyday life and becoming the people’s need. The collaboration between the private and government sector institution is helping out Switzerland to become a hub for the crypto payment solution.