RATE Group | Richmond Hill, Ont. residents will soon be able to pay property taxes in Bitcoin
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Richmond Hill, Ont. residents will soon be able to pay property taxes in Bitcoin

18 Jul Richmond Hill, Ont. residents will soon be able to pay property taxes in Bitcoin

Posted at 02:29h in Bitcoin News by

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The City of Richmond Hill is negotiating with the digital currency platform Coinberry to provide a payment processing solution for residents and businesses who wish to pay their property taxes in Bitcoin.

On July 10, Richmond Hill city council voted in favour of entering into an agreement with Coinberry, the same company that partnered with the Town of Innisfil a couple months back for a similar purpose.


READ MORE:
Town of Innisfil to begin accepting property-tax payments in bitcoin

“Any Richmond Hill resident who wants to pay with cryptocurrency will go through a mediating company, and those people will convert the cryptocurrency into Canadian currency and pay us with Canadian currency,” Carmine Perrelli, Richmond Hill’s deputy mayor and regional and local councillor, told Global News.

“We want to give our citizens and our residents every opportunity to pay with whatever currency they have.”

According to Perrelli, the demand for the…

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