Gold Coast Mayor Tom Tate suggests paying council rates with cryptocurrency, despite $2 trillion crash - ABC News


6/4/2022 12:00:00 AM2 years 11 months ago
by Dominic Cansdale

Cryptocurrency represents a big "paradigm shift", but some believe the Gold Coast Mayor's idea to accept it as payment has merit. But with the crypto-market losing half of its value in six months, there are more than a few hurdles to jump over.

Gold Coast Mayor Tom Tate has suggested that rates could be paid with cryptocurrency in future years, despite the market crashing by $2 trillion more than half of its total value over the past six mo… [+3702 chars]

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