Switzerland Municipality, Zermatt, has informed the general public that taxes and transactions can now be made using cryptocurrency Bitcoin.
The Mayor of Zermatt, Romy Biner-Hauser, who authorized the innovation in the region, said “an innovative pioneering spirit” is part and parcel of Zermatt, hence its decision to support the residents of the region with technological solutions that are state of the art. The progress was achieved in partnership with Bitcoin Suisse.
Zermatt, a well visited tourist resort, made the announcement earlier today, indicating that it now accept bitcoin (BTC) as a payment for taxes and transactions immediately.
The municipality is in the district of Visp, it contains a high number of German-speaking people of the canton of Valais.
At the moment, a Bitcoin transaction-enabled point-of-sale (POS) solution has been installed in the Zermatt town hall where services from local authorities can be paid for using cryptocurrency Bitcoin.
As well, taxpayers can make use of the Bitcoin POS device for payment at a communal level. Bitcoin Suisse is the largest and oldest crypto services firm in Switzerland.
Zug adopted bitcoin payment in 2016, becoming the first municipal to do so.
Armin Schmid, Head Crypto Payments of Bitcoin Suisse, said, “by accepting Bitcoin as a means of payment, Zermatt finds itself once more among the pioneers and supporting a growing ecosystem of cryptocurrencies”.
Swiss Firm Poised to Launch Compliant IPO on Ethereum Blockchain
The announcement by Bitcoin Suisse was succeeded by a Switzerland firm’s readiness to launch the first regulatory-compliant initial public offering (IPO) on a blockchain.
Overture, a Swiss-based blockchain firm, declared its preparedness to launch a compliant IPO while offering ordinary class-A shares using the Ethereum blockchain.
The firm says it makes use of smart contracts offered provided by the European Digital Assets Exchange.
“The company has approved the first Swiss articles of incorporation that directly states the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry […] transfer of the company ownership can be achieved only with a transfer of the tokens on the blockchain and only the ownership of the token can give the status of shareholder,” a press statement by Overture has indicated.
The initiative, brings Ripple CEO Brad Garlinghouse’s forecast on the possibility of seeing blockchain firms adopt IPO en mass, a few steps to reality.