Bermuda Now Accepts USDC Crypto for Taxes and Government Services - CoinDesksteemCreated with Sketch.

in dlike •  7 months ago 

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Bermuda is breaking ground in the move towards cryptocurrency.  The small island announced that it will now accept cryptocurrency as payment for taxes.  USDC will be the token that is accepted for this purpose.

The USDC coin was introduced a year ago in a deal between Coinbase and Circle.  It is pegged to the U.S. Dollar making is less volatile than most cryptos.

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