Detroit Becomes First Major US City To Accept Taxes And Fees In Crypto; Mayor Says, ‘Fostering a Technology-Friendly Environment’ (UPDATED)
Note: This story has been updated with additional information.
Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees, top officials from the city said in a Thursday press release.
What Happened: Residents would have the option to use cryptocurrencies to pay for utilities through a secure platform managed by PayPal. This initiative was part of a broader strategy to tap blockchain technology to enhance public services and boost civic engagement in the city.
“Detroit is fostering a technology-friendly environment that empowers residents and entrepreneurs,” said Detroit Mayor Mike Duggan. “We are thrilled to be among the first major U.S. cities to explore blockchain’s civic applications and offer residents the option to use cryptocurrency for payments.”
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