Detroit will become the largest city in the United States to accept cryptocurrency payments
Detroit city officials announced on Thursday that the city will become the largest in the United States to accept cryptocurrency payments. Residents can use cryptocurrencies to pay taxes and other city fees through a secure platform managed by PayPal.
Finance Director Nikhil Patel said that this option will be launched in mid-2025, while further improvements will also be made to the city's payment services. This is part of a larger strategy for Detroit, which aims to explore innovative technologies capable of enhancing public services, strengthening citizen participation and promoting economic growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Japan Post Bank, Shinoken, and DeCurret DCP pilot tokenized deposit payments for real estate transactions
Data: US crypto-related stocks mostly rise in pre-market trading, Bitmine up 3.79%