Detroit, the largest U.S. city accepting crypto for tax and fee payments, wants to become a tech-friendly hub. Starting mid-2025, residents can use popular cryptocurrencies like Bitcoin and Ethereum to pay through a PayPal-managed platform. This move is part of Detroit’s plan to modernize municipal services and promote financial inclusivity for residents with limited access to traditional banking.
The city aims to create a technology-friendly environment that empowers residents and entrepreneurs. Payments will be converted to U.S. dollars on PayPal before reaching city accounts to minimize the risks associated with crypto price volatility.
Source
<p>The post Detroit: Big City Accepts Crypto for Taxes and Fees first appeared on CoinBuzzFeed.</p>
