Canadian Ontario Town Accepts Property Taxes in Bitcoin. There’s a Catch.

Innisfil, a town in Ontario with a population of 36,000, has approved a pilot project which will allow residents and local businesses to pay their property taxes in bitcoin. The new payment option will come into effect next month, according to a statement. News Release: Town of Innisfil First Municipality in Canada to Accept Cryptocurrency in Partnership With Coinberry: https://t.co/YatUyuC8KD @coinberryio — Town of Innisfil (@townofinnisfil) March 28, 2019 Compared to credit cards Innisfil says paying property taxes using bitcoin will be cheaper. This is because the processing fee will be 0.5% compared to credit cards which charge an

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