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[aryan4]

Zug from Switzerland began accepting tax payments with Bitcoin (BTC) and Ethereum (ETH). Tax payments collected from citizens in cryptocurrency will be converted into Swiss francs by the Swiss-based Bitcoin Suisse company.
How do you think the widespread use of coins in tax payments affects the markets?

 

[Wisdom01]

I think the bitcoin transaction fee is really high tho i would have love it if they use other smaller coins with less transaction fees like dogecoin , to help the crypto world generally

 

[aryan4]

I think the bitcoin transaction fee is really high tho i would have love it if they use other smaller coins with less transaction fees like dogecoin , to help the crypto world generally

I think that this application may have some similarities in the world. Although they only use two coins to collect tax for now, I still think it is a positive development for the markets.

 

[Wisdom01]

I think that this application may have some similarities in the world. Although they only use two coins to collect tax for now, I still think it is a positive development for the markets.

Yeah its a positive development , all i just want is for them to use more coins , since the people would pay additional tax due to the fee of bitcoin and ethereum , and it's discouraging

 

[Niftyicon]

This is a good development and like someone suggested, it would have been nice if coins with less gas fees were allowed for payments too.

 

[achawaskey]

It will definitely affect the market by increasing demand of bitcoin and ethereum which in turn increase the prise of these crypto. It also help to reduce the pressure on their flat currency.

 

[Brain]

I think it will still be a positive impact where they will be high demand of btc and eth for the payment of these taxes. So it will be worthwhile for those paying via btc and eth

 

[aryan4]

Bordier & Cie SCmA, one of the Swiss private banks founded in 1844, now offers trading in Bitcoin (BTC) and other cryptocurrencies. Bordier partnered with Sygnum Bank for the venture.
What do you think about this initiative?

 

[Niftyicon]

That is a good development. With this, customers are able to carry out most of their financial transactions in a place with maximum security.

 

[fastmoney1]

It is very significant that banks of such international prestige are also joining the commercialization of cryptocurrencies, that makes them have a greater reputation in the financial world.

 

[achawaskey]

It a nice initiative, it will add to as another source of revenue generation to swiss, it will also increase investors confidence, it will provide another payment options.

 

[fastmoney1]

It a nice initiative, it will add to as another source of revenue generation to swiss, it will also increase investors confidence, it will provide another payment options.

Many banks and other financial entities are joining to accept transactions with cryptocurrencies because they know that very soon they will dominate the financial world.

 

[Josemendez]

Zug from Switzerland began accepting tax payments with Bitcoin (BTC) and Ethereum (ETH). Tax payments collected from citizens in cryptocurrency will be converted into Swiss francs by the Swiss-based Bitcoin Suisse company.
How do you think the widespread use of coins in tax payments affects the markets?

Wow. This is quite a good move from this firm ,and a boost to bitcoin itself . I hope they have earlier made plans on how to work with the volatility of bitcoin b

 

[aryan4]

Wow. This is quite a good move from this firm ,and a boost to bitcoin itself . I hope they have earlier made plans on how to work with the volatility of bitcoin b

I am happy when I read similar types of news. Hopefully this and similar types of apps will become a bit more common. Especially good developments in the long term for the markets.

 

[Rollerkid]

Zug from Switzerland began accepting tax payments with Bitcoin (BTC) and Ethereum (ETH). Tax payments collected from citizens in cryptocurrency will be converted into Swiss francs by the Swiss-based Bitcoin Suisse company.
How do you think the widespread use of coins in tax payments affects the markets?

Everything relating to crypto currency have both advantages and disadvantages l think. We because if the tax collected aren't exchanged fast, it could bring about fluctuation of the original value they collected as tax and the vice versa.

 

[GoldenLady]

Zug from Switzerland began accepting tax payments with Bitcoin (BTC) and Ethereum (ETH). Tax payments collected from citizens in cryptocurrency will be converted into Swiss francs by the Swiss-based Bitcoin Suisse company.
How do you think the widespread use of coins in tax payments affects the markets?

It's a good way to integrate cryptocurrency into their financial system. They can also use it to tax any cryptocurrency transactions, generating revenue from it.

 

[Brain]

I think the bitcoin transaction fee is really high tho i would have love it if they use other smaller coins with less transaction fees like dogecoin , to help the crypto world generally

I don't know why but I think s lot of people just like to use the big coins for any kind of payment. I hope they realize the advantage in using coin like dogecoin very soon