Richmond Hill, Canada's one of the most desirable and growing communities, has begun negotiations with digital currency platform called Coinberry to provide a robust cryptocurrency payment processing solution.
Coinberry is a Toronto-based, FINTRAC-registered, financial technology solutions provider focused on blockchain and digital currency solutions.
Richmond Hill Deputy Mayor, Joe Di Paola, claims the demand for a digital currency payment option "is only going to grow in the coming years, especially amongst millennials."
"Our Council was aware of Coinberry's successful implementation of a digital currency payment service with the Town of Innisfil, and since there was no cost and no risk to the City of Richmond Hill to do the same, it made the decision that much easier for us," he added.
The announcement highlights 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.
Earlier this year, iHodl reported that the Canadian Revenue Agency (CRA) was investigating investors who had invested in cryptocurrencies such as bitcoin
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