Mon. Feb 17th, 2020

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Bitcoin Transaction Costs are ‘So Much Cheaper’ than Credit Cards, Says Canadian Mayor

A Canadian town mayor says using bitcoin to pay for property taxes has made transaction costs much cheaper. “The advantage of doing it as opposed to a credit card is the transaction costs are so much cheaper,” Mayor Lynn Dollin of Innisfil, Ontario told Day 6. Innisfil is the first town in Canada to allow residents to use bitcoin to pay their property taxes. It’s part of a one-year pilot program the town entered into with Coinberry Pay, a Toronto-based cryptocurrency company. Mayor Wants Ontario Town To Be a Tech Hub The program officially launches this week. Mayor Dollin

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