- Residents of Zermatt can now pay their municipal taxes with Bitcoin
The Swiss municipality of Zermatt and Bitcoin Suisse have teamed up to allow residents of Zermatt to pay their taxes with Bitcoin. This makes Zermatt the third municipality in Switzerland to accept crypto for tax payments, behind the municipalities of Zug and Chiasso.
Zermatt residents who want to pay their taxes with Bitcoin can use a point of sale device in the town hall. If residents want to pay taxes online they simply have to send a request to the Zermatt Tax Office, and then they will be sent an e-mail with a link to a crypto payment portal.
After residents pay taxes via Bitcoin, Bitcoin Suisse converts the Bitcoin into Swiss Francs (CHF), protecting against price volatility on the market and ensuring the tax office gets every penny they are owed.
Considering that Bitcoin offers instant, secure, and low fee payments, it is perhaps no surprise that some governments in the world are beginning to accept Bitcoin for tax payments. If tax payments utilizing crypto become popular in Zermatt, Zug, and Chiasso, perhaps one day, entire countries will accept Bitcoin for tax payments.
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