A Swiss Town Is Banking On Bitcoin

The local council in the Swiss town of Zug has officially decided to accept Bitcoin for the payment of small fees. Starting July 1st, residents of Zug will be able to use the cryptocurrency to pay up to $205 for some public services.

Lord Mayor Dorfi Mueller told NBC News residents would not be able to pay their taxes with bitcoin…darn. However, for small fees, the council will accept the cryptocurrency.

Will the payment of Bitcoin be allowed in your neck of the woods? For more details be sure to check out the video above.