Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so
Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.
Decrypt Sebastian Sinclair
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Discussion
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@reidwalley.bsky.social
Reid Walley
on bluesky
The Detroit announcement doesn't specify Bitcoin in particular, although the announcement probably *does* mean Bitcoin and other cryptocurrencies. — detroitmi.gov/news/detroit...
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@roundtablespace
@roundtablespace
on x
DETROIT UNVIELS CRYPTO'S NEW TAX PLAY Detroit just pulled a power move: by 2025 you can settle taxes and city fees with your digital bags. The Motor City is now the biggest town in the US to accept crypto as tax payments. Mayor Duggan said it's all about being [image]
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@scottmelker
@scottmelker
on x
Detroit Set to Accept Crypto For Tax Payments In 2025 Detroit will soon become the largest U.S. city to allow residents to pay taxes with crypto, joining just a few states—Colorado, Utah, and Louisiana—that currently accept crypto for government payments. Starting in mid-2025, [i…
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@kirklubimov
Kirk Lubimov
on x
Canada will need to have a serious focus on crypto, blockchain and fintech as it's about to be left in the dust with obsolete regulations. Donald Trump and much of his incoming administration have already spoken on the deregulation and unleashing the industry. Detroit now [image]