Detroit is poised to become the largest U.S. city to accept cryptocurrency for tax and fee payments, with plans to roll out the service by mid-2025. Residents will be able to make payments via a platform managed by PayPal, according to the city’s announcement.
This move is part of Detroit’s broader strategy to embrace new technologies aimed at enhancing public services and stimulating economic growth. The state of Michigan has been increasingly supportive of cryptocurrency, as evidenced by the Michigan State Retirement System’s $6.6 million investment in the ARKB spot Bitcoin ETF.
Mayor Mike Duggan emphasized the city’s commitment to creating a tech-friendly environment for residents and entrepreneurs alike. “Detroit is building a technology-friendly environment that empowers residents and entrepreneurs,” Duggan said. “We’re excited to allow residents to use cryptocurrency as a payment option.”
Nikhil Patel, Detroit’s Treasurer, explained that the new crypto payment platform is part of the city’s efforts to modernize its payment systems and make transactions more accessible. The initiative aims to provide easier payment options, particularly for individuals who are unbanked or underserved by traditional financial services.
Additionally, Detroit is encouraging blockchain innovators to propose solutions that could further enhance city services, focusing on benefits like increased transparency and data security.
By adopting cryptocurrency payments, Detroit joins other states like Colorado, Utah, and Louisiana, which have also integrated crypto into their public payment systems.
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