RATE Group | How bitcoin is helping Massena’s tax rolls
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How bitcoin is helping Massena’s tax rolls

25 Feb How bitcoin is helping Massena’s tax rolls

Posted at 00:34h in Bitcoin News by

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MASSENA, N.Y. (WCAX) Small communities are looking for new ways to build up their economy. Our Kelly O’Brien takes you to Massena, New York, where a new virtual industry has set up shop for investment in the future.

“I’d love to take the credit for it but I really didn’t do much,” said Steve O’Shaughnessy, the Massena town supervisor.

O’Shaughnessy says when he took office in 2017, plans were already in the works for the bitcoin industry to move in. It’s something he says he needed to do a lot of research on.

“We also received several different lessons on how they make them and what goes into that,” O’Shaughnessy said.

Bitcoins are a type of cryptocurrency or digital dollars produced by computers solving math equations. Bitcoin mines are where the computer servers live. Some companies are home…

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