Banco do Brasil, the oldest bank in Brazil, has announced a major step forward in the world of digital assets. The bank has partnered with Brazil-based crypto exchange Bitfy to allow residents to pay their taxes using digital assets as a payment option.
This move places Banco do Brasil at the forefront of the “new financial technologies.” It embraces modern solutions and provides users access to the latest financial technologies. The bank’s adoption of crypto for tax payments will bring greater convenience for users and expand options for the authorities collecting taxes.
Fueling Crypto Adoption
According to Lucas Schoch, CEO of Bitfy, “The new digital economy is a catalyst for a future full of advantages. This partnership makes it possible to expand the use and access to the ecosystem of digital assets with a national scope.”
The process of paying taxes with crypto is straightforward, with the user selecting the crypto…
