Canadian digital currency platform Coinberry has started negotiations with the City of Richmond Hill in Canada in order to provide a cryptocurrency payment processing solution. This comes after the council voted last week in favour of entering into an agreement with Coinberry, to provide an option for property tax payment in Bitcoin for residents and businesses of the City of Richmond Hill.
This announcement also marks Coinberry’s second
municipal partnership within six months, and illustrates a growing move towards
the implementation of real-world digital currency solutions.
The new partnership will also have municipal staff
report back on the feasibility of implementing Coinberry’s technology for
additional payments of other City fees and charges by the end of September.
Coinberry is the blockchain based cryptocurrency
platform to have secured partnerships and provide solutions to two Canadian
Municipalities – making it the leading and most trustworthy platform in Canada.
The City of Richmond Hill’s City Manager is authorised to enter into a contract
with Coinberry upon conclusions of successful negotiations.
The new partnership also gives the City of Richmond
Hill the opportunity to leverage Coinberry’s technology for other blockchain
and digital currency payments and services.
Meanwhile, the Canadian government has been reviewing blockchain as a possible solution for securely tracking marijuana “from seed to sale”, following the passing of a bill legalising recreational use of the drug nationwide in June 2018.
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Credit: Blockchain News