The municipality of Zermatt, in cooperation with Bitcoin Suisse, will accept Bitcoin as a means of payment for local taxes and official transactions with immediate effect.
In addition to having access to a point-of-sale device in the Zermatt town hall, taxpayers will also be able to pay their taxes at communal level using Bitcoin.
After applying directly to the Zermatt Tax Office for a crypto payment solution, taxpayers will be able to access the online payment portal via an e-mail link and transfer bitcoins directly from their own crypto wallet. Bitcoin Suisse exchanges the bitcoins into Swiss francs and transfers the amount in CHF to the municipality's bank account.
Zug was the first city in Switzerland to accept Bitcoin payments in 2016. Now Zermatt is applying the same pioneering spirit and, supported by Bitcoin Suisse, is driving forward the introduction of cryptocurrencies at a municipal level in Switzerland.
Armin Schmid, head Crypto Payments of Bitcoin Suisse, commented: "By accepting Bitcoin as a means of payment, Zermatt finds itself once more among the pioneers and supporting a growing ecosystem of cryptocurrencies".
This development, which echoes the recently announced partnership between Bitcoin Suisse and Worldline/SIX Payment Services, is a sign that cryptocurrencies are becoming more and more common in everyday life. The combined push, both at local and national level, demonstrates the solid collaboration between the public and private sectors in the expanding crypto-financial services industry.