Detroit will start accepting Bitcoin and Ethereum for tax payments in mid-2025. PayPal will manage the payment platform and convert the crypto to USD. This makes Detroit the largest US city to accept crypto for municipal payments. The program aims to increase financial inclusion for underbanked residents.
The city is also looking for other blockchain applications for civic services. Detroit is set to accept Bitcoin and Ethereum for tax payments starting in mid-2025, making it the largest US city to do so. The payments will be made through a PayPal-managed platform, with the cryptocurrency being converted to USD before reaching city accounts.
The program aims to increase financial inclusion for underbanked residents and is part of a broader strategy to position Detroit as a hub for technological innovation.
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<p>The post Detroit Embraces Cryptocurrencies for Tax Payments in 2025: PayPal to Manage Platform and Increase Financial Inclusion first appeared on CoinBuzzFeed.</p>
