The town entered a one-year pilot project this month, partnering with Coinberry Pay, a Toronto based crypto currency company to process bitcoin payments for property taxes.
The town has previously partnered with ride-sharing company Uber to create a tax-subsidized, on-demand transit system for the town, saving the town an estimated $8 million annually in transit costs. “We have to be careful – we’re responsible for taxpayers’ dollars,” Dollin said. “So certainly we don’t want to bring any risk to the taxpayers.”
So this will be the first Canadian town to bankrupt like the rest of it has.
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