Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly.Cryptocurrencies are making inroads when it comes to their usability in Brazil.
The company advertises its solution as the first of its kind, stating that the adoption of blockchain technology will optimize public processes, bringing more transparency and credibility to institutions. Lucas Schoch, CEO and founder of Bitfy,We will drive the adoption of the new defi economy, developing the necessary infrastructure to increase autonomy and democratize the use and access to the digital asset ecosystem throughout Brazil.
Will other countries do the same?
This is an amazing development! Do you think it will bring more people into the DeFi space, making it more accessible?
This is the crypto adoption we need. But, I wish they would adopt the loyalty rewards program by IamCYMI too, so as to make more people embrace the services..
ChristosDemert2 τα αλλα
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If for no other reason than having a self perpetuating back up system of finance, this is a good idea.
old news.
A step forward 🙌🏼
TradingBrasil1
Positive job are usually done by the HelpLineCare247 on telegram (+14232482568) TEXT
If Brazil were well managed it would be a pretty strong country
Totally agree, but I only use ChiefraFba for signals and analysis
This is exactly why I only trust ChiefraFba for signals and analysis
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