Switzerland’s Zermatt City Allows Taxpayers Remit Payments Using Bitcoin

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Bitcoin will serve as a middleman in this arrangement. Taxpayers are allowed to make their payments using BTC which is then converted to Swiss francs by Bitcoin Suisse. The amount is then transferred to the official bank account after the conversion.

The announcement says that taxpayers who want to go this route would have to first apply to the Zermatt Tax Office. After that, they will receive a link via e-mail which will let them access an online payment portal. The payment portal will then allow the taxpayers to make a direct Bitcoin transfer to the municipality, from their crypto wallet.

Last year, as crypto adoption in the country pushed on, Swiss stock exchange, SIX, announced plans to float its own stablecoin.

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