Brazil’s largest bank, Banco do Brasil, has integrated the ability to pay taxes using digital assets in a joint initiative with cryptocurrency company Bitfy.
To do this, the bank’s customers can use an app to convert the cryptocurrency in their account into Brazilian reals.
In many countries around the world, cryptoassets are now not only an investment tool, but also a means of payment with which you can buy almost anything. It is enough that the seller accepts ordinary bank cards. And this adoption of digital assets will only accelerate in the future.
In a world where governments and central banks can’t cope with inflation, cryptocurrency will be the asset of choice over traditional finance.