Key Points:
Bitfy is a startup specializing in blockchain solutions and has invested in BB’s Enterprise Venture Capital Program – CVC. With the arrangement, it will begin acting as the Bank’s debt collection partner. This service allows partners (financial institutions, fintech, etc.) to provide solutions for paying tax bills, fees, and obligations to their customers using the agreements BB has signed with public service entities and franchisees.
This initiative puts Banco do Brasil at the forefront of modern and efficient solutions while democratizing access to new financial technologies and providing convenience for customers as it expands the options for receiving taxes from the public sector.
“This partnership makes it possible to expand the use and access to the ecosystem of digital assets with national coverage,”
Bitfy CEO Lucas Schoch said Friday in a statement from Banco do Brasil, which is partially owned by the state.
Currently, this option is only available to Bitfy App users.
It works the same way when a customer pays for a ticket with a barcode. All he has to do is select the cryptocurrency on which he wants to pay taxes, capture a barcode or enter a sequence of numbers. All tribute information will appear to be validated before payment confirmation.
In this solution, the conversion and payment with Reais of the chosen cryptocurrency are instant, with a secure and flexible experience, for citizens and public institutions without needing a new agreement or changing the way taxes are received.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Pantera Capital TON investment signals confidence in TON's scalability and ecosystem growth amid a bullish…
Jack Dorsey's Block initiates monthly Bitcoin investments to expand its holdings in 2024.
The EigenLayer airdrop plan includes distributing 110 EIGEN tokens minimum, with transferability post-September 30, 2024.
Crashino stands distinguished, not only for its cutting-edge platform but also for its groundbreaking acceptance…
Coinbase SEC lawsuit is still ongoing while the exchange remains confident, citing recent court developments.
Coinbase quarter revenue in transactions skyrocketed, helping the exchange earn $1.18 billion in profit.
This website uses cookies.