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NowAndPay.com, a cryptocurrency-based POS System integrated with the BitRich coin, announced a future application of its technology for tax payment purposes. The announcement comes after Seminole County, Florida tax collector Joel Greenberg said that his office will start using the cryptocurrency as payment for various services in the county.
More information can be found at http://bitrich.tech.
Recent development in blockchain technology can make online transactions seamless and fast. Where certain international transactions would take days if not weeks, blockchain technology significantly reduces the time – and therefore the cost – of these international transactions, allowing both consumers and service providers to complete payments quicker and with reduced intermediary costs.
At the forefront of cryptocurrency-based direct transactions is BitRich, a new cryptocurrency which aims to provide a versatile, easy-to-use and efficient POS system. Scheduled to be launched later this years, NowAndPay will offer the convenience and accessibility of standard credit cards combined with the transparency and reduced costs of blockchain technology.
With tax collector Joel Greenberg’s announcement that his office will accept cryptocurrency payments, BitRich stated that its proprietary POS system will be ideal for such applications.
Due to the its suitability for everyday consumer transactions, Mr. Greenberg selected BitPay for his County’s financial transactions because this entity will guarantee a price for Bitcoin for 15 minutes after a bill is generated. In this way, consumers investing in cryptocurrency know that their tax bills will be fully paid to the Seminole County tax office.
Greenberg, a cryptocurrency enthusiast, also believes that investing in cryptocurrency and using it in these transactions will reduce identity theft and fraud, because payments cannot be altered once made.
The recent announcement from BitRich is part of the system’s efforts to provide cutting-edge cryptocurrency-based payment solutions.
Interested parties can find more information on the upcoming POS technology by visiting the above-mentioned website, as well as at http://bitrich.tech.
Release ID: 378768