Detroit, Michigan, has become the first major city in the United States to accept cryptocurrency payments for taxes. This initiative is part of Detroit’s strategy to explore innovative technologies and enhance public services. The city plans to roll out a secure platform maintained by PayPal to allow residents to pay their taxes in cryptocurrency, with the service set to begin in mid-2025.
Meanwhile, the city also calls upon blockchain entrepreneurs to submit their proposals to Justin Onwenu, the city’s Director of Entrepreneurship and Economic Opportunity, by December 15, 2024. These proposals should include a description of the proposed solution, identification of potential stakeholders, cost estimates and risk assessments, and an outline of how the solution will enhance city services and benefit Detroit residents.
Only three U.S. states currently accept cryptocurrency for state payments: Colorado, Utah, and Louisiana. Detroit’s initiative will position the city as a pioneer in blockchain-driven economic development and innovation in public service.
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