By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments.
The program is scheduled to start in the middle of 2025, according to Detroit’s local officials. The initiative would be expected to run on a secure platform managed by PayPal.
Detroit wants to embrace cryptocurrencies with its aspirations to pioneer blockchain applications in municipal contexts. The mayor of Detroit, Mike Duggan, claims the program is future-oriented, saying:
“Detroit is building a technology-friendly environment that empowers both its residents and entrepreneurs.”
Inclusion Through Modernized Payment Options
The new system is planned in a manner that would benefit users as well as traditionally underserved groups. According to City Treasurer Nikhil Patel, the new method will offer more digital payment options to the residents, thereby promoting easy access to finances of every kind, especially for the unbanked.
Patel said:
“The Treasurer’s Office is committed to modernizing our payment channels to enhance the customer experience and improve internal efficiency.”
In this regard, this system aims to make it easier and more convenient for all of its residents in Detroit to pay for property taxes, municipal fees, and a permit.
A Call For Blockchain Innovators
Detroit is inviting blockchain entrepreneurs to get involved led by Justin Onwenu, the city’s first Director of Entrepreneurship and Economic Opportunity. This new initiative is calling for proposals on civic
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Author: Christian Encila
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