According to an announcement on Tuesday, the Swiss municipality of Zermatt now allow residents to pay their taxes in bitcoin. Zermatt is a small town with a total population of about 6,000.

Per the announcement, the new payment option will be offered through crypto financial services firm, Bitcoin Suisse. Residents can pay local taxes in BTC using Bitcoin Suisse’s point-of-sale solution which has been installed in the Zermatt town hall. Online payments will be made by applying to the Zermatt Tax Office for a crypto payment solution.

Bitcoin Suisse will convert all taxes paid in bitcoin into Swiss francs and transfer the funds to the municipality’s bank account.

According to the mayor of Zermatt, Romy Biner-Hauser, an innovative, pioneering spirit is one of the trademarks of Zermatt. Biner-Hauser claimed this is why they are happy to support residents in providing them with the solutions they require.

Zermatt is not the first municipality to accept bitcoin for tax payment. This initiative was started by the city of Zug in 2016, who is also using the services of Bitcoin Suisse. After that, the municipality of Chiasso also followed suit in 2017. However, Chiasso accepts bitcoin for small tax payments which are up to a value of 250 Swiss francs, approximately $256.

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