Banco do Brasil Bank Now Supports Crypto Tax Payments

Key Points: Banco do Brasil (the oldest Bank in South America) announced that it would allow cryptocurrency to be used for tax payment.
Brazilian bank customers can access the service through a partnership between Bitfy, a fintech that specializes in blockchain.
This partnership aims to expand access and use of the digital asset ecosystem across the country.
Banco do Brasil is the oldest Bank in South America. It has announced that taxpayers who have cryptocurrencies in Bitfy can pay taxes using these assets. Bitfy is a startup that specializes in blockchain solutions. It will now act as the Bank’s debt collection agent. This service is available to partners (financial institutions and fintech) This service allows partners (financial institutions, fintech, etc.) to offer solutions for paying taxes bills, fees and obligations to customers using the agreements BB has with public service entities.
“This partnership allows us to expand the use of and access to the ecosystem digital assets with national coverage.”
According to Lucas Schoch, Bitfy CEO, the option will be available to customers who pay for tickets with a barcode. He simply needs to select the cryptocurrency on whose taxes he wishes to pay, and then capture a barcode or enter numbers. This website provides general market commentary but does not provide investment advice. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: # Cryptocurrencies#MarketsbankBlockchainBrazilcryptoCrypto Tax Payments