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Detroit announces a groundbreaking move to accept cryptocurrency for taxes and other city fees, heralding itself as the largest U.S. city to integrate crypto into its payment options. This initiative, enabled through a secure PayPal platform, is set to launch in mid-2025. Mayor Mike Duggan emphasizes this reflects Detroit’s commitment to fostering a tech-friendly atmosphere that benefits both residents and entrepreneurs.
The city is not only paving the way for using cryptocurrency but is also enhancing its overall payment system to support electronic transactions more broadly. Treasurer Nikhil Patel highlighted the dual benefits of this upgrade: increased accessibility for cryptocurrency users and improved service for all, especially the unbanked population in Detroit.
As part of a broader strategy to integrate cutting-edge technologies, Detroit is actively seeking proposals from blockchain entrepreneurs. These efforts aim to utilize blockchain for better transparency, data security, and streamlined public services, positioning Detroit as a leader in technological adoption among U.S. cities.
