Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced.
Image via Flickr
The option will become available in mid-2025, along with additional improvements to city payment services, said Treasurer Nikhil Patel. It’s part of a larger strategy by the city of Detroit to explore innovative technologies that could enhance public services, strengthen civic engagement, and foster economic growth.
“The Treasurer’s Office is committed to modernizing our payments channels and processes to enhance the customer experience and improve internal operational efficiency,” Patel said. “This new payment platform will increase accessibility for Detroiters who would like to use cryptocurrency; more importantly, the platform upgrade will also make it easier for Detroiters to make electronic payments – including those who may be unbanked.”
“Detroit is building a technology-friendly environment that empowers residents and entrepreneurs, said Detroit Mayor Mike Duggan. “We are excited to be one of the first major U.S. cities to explore blockchains civic applications and allow residents to use their cryptocurrency as a payment option.”
Detroit, once the epicenter of the American automotive industry, has a population of around 630,000 residents as of the 2020 U.S. census, making it the country’s 26th most populous city. In 1950, the city’s population peaked at approximately 1.85 million residents.
The post Detroit to accept cryptocurrency payments for taxes and fees appeared first on Crypto Reporter.
