RICHMOND HILL, Canada--(BUSINESS WIRE)--Today Coinberry, Canada’s most innovative and trustworthy digital currency platform, has begun negotiations with the City of Richmond Hill to provide a robust cryptocurrency payment processing solution. This takes place after Council voted on July 10, 2019 in favor of entering into an agreement with Coinberry, to provide an option for property tax payment in Bitcoin for residents and businesses of the City of Richmond Hill.
The announcement marks Coinberry’s second municipal partnership in less than six months, and illustrates a growing move towards the implementation of real world digital currency solutions.
"We believe that the demand for a digital currency payment option is only going to grow in the coming years, especially amongst millennials", said Richmond Hill Deputy Mayor Joe Di Paola who moved the motion. "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."
While still in process, the new partnership will also have municipal staff report back on the feasibility of implementing Coinberry’s technology for additional payments of other City fees and charges by September 30th, 2019.
“We are very happy to be entering into a partnership with our second Canadian Municipality,” said Andrei Poliakov, Coinberry CEO and Co-Founder. “Leaders of government and enterprise organizations are realizing that, with the right partners, they can innovate with blockchain and digital currencies. We’re pleased to be working on additional innovative solutions with leading enterprise and municipal partners, and have a number of very exciting initiatives we will be announcing over the next several months.”
Key Points:
- Coinberry is the only blockchain based cryptocurrency platform to have secured partnerships and provide solutions to two Canadian Municipalities - making it the leading and most trustworthy platform in Canada.
- The City of Richmond Hill’s City Manager is authorized to enter into a contract with Coinberry upon conclusions of successful negotiations.
- 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.
For exclusive insight on the partnership and to learn how Coinberry is helping government municipalities and enterprises innovate with digital currency - please contact Marina Krtinic for additional insight from Coinberry’s management team.
About Coinberry Limited
Coinberry is a Toronto-based, FINTRAC-registered, financial technology solutions provider focused on blockchain and digital currency solutions. Coinberry operates the Coinberry.com cryptocurrency trading platform, offering members the safest and simplest way to buy, sell, and process payments made with Bitcoin, and other cryptocurrencies in Canada.
About the City of Richmond Hill
The City of Richmond Hill is located just north of the City of Toronto and forms part of the Greater Toronto Area. The city is home to more than 200,000 residents.
