Canadian Mayor Says Bitcoin Is Much Cheaper Than Credit Cards

Canadian Mayor Lynn Dollin of Innisfil stated that bitcoin as a tool for paying property taxes cuts down on costs much better than Credit cards do. In our coming altcoin news today, we read more about her statement.

Lynn Dollin pointed out:

 “The advantage of doing it as opposed to [using] a credit card is the transaction costs are so much cheaper.’’

Innisfil is among the first towns in Canada to allow citizens to use bitcoin in order to pay their taxes. The Canadian Mayor believes that the one-year pilot program turned out to be a great success by using the Coinberry Pay crypto-based company.

The official program will be launched later this week. Lynn Dollin embraces the project with arms wide open because she wants to welcome entrepreneurs to her town of about 36,000 people and to make the town a crypto hub in the near future.

The Canadian Mayor also stated:

 “It could attract us some opportunities as far as economic development within our community.”

Lynn Dollin explained she understands Bitcoin was a controversial topic in the past after being involved in many scandals. She also understands its unregulated nature but she feels she’s been cautious. Lynn also pointed out that the town administration is not afraid of trying new things but they will remain careful in the future since the taxpayer’s money is in the game:

“We have to be careful. We’re responsible for taxpayers’ dollars. So certainly, we don’t want to bring any risk to the taxpayers.”

The Canadian Mayor is focused on bringing Innisfil to the group of small towns around the world that are among the most bitcoin-friendly towns.

As previously reported in our latest cryptocurrency news, the Governor of Colorado Jared Polis signed the Digital token act back in March. The new token act will take effect in August. Colorado also aims to become the perfect tech hub by making it easy for entrepreneurs to open blockchain based businesses.