• Fri. Nov 8th, 2024

Detroit to Become Largest U.S. City Accepting Crypto for Taxes

Nov 8, 2024

Detroit is set to accept cryptocurrency for tax payments and other municipal fees.

On Nov. 7, Detroit’s Office of the Treasury unveiled plans to support crypto payments, targeting a rollout by mid-2025.

The city will leverage PayPal’s payment platform, enabling residents to use supported digital assets to settle various city taxes. The supported digital assets are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and PayPal’s PayPal USD stablecoin.

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[Source: TheDefiant]

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