Detroit residents will be able to pay taxes with cryptocurrency

Soon, Detroit residents will be able to pay taxes and city fees using cryptocurrencies, as part of the city's initiative to modernize and attract blockchain companies.

According to the Detroit Treasury, the new crypto payment options will be available through the secure PayPal payment platform starting mid-2025.

Which cryptocurrencies will be supported?

The statement does not specify which cryptocurrencies will be accepted, but currently, PayPal supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, as well as its own stablecoin, PayPal PYUSD.

Detroit aims to provide a wide selection of digital assets, enhancing payment convenience for residents.

Development motivation

The city’s mayor noted that the decision to implement cryptocurrencies as a payment method is part of a strategy to create a favorable environment for technological development.

Detroit authorities aim to improve the efficiency of internal operations and attract blockchain companies to the region.

Initiatives

At the same time, the city has invited entrepreneurs and innovators to submit ideas on the use of blockchain in public applications by December 15, to provide residents with new opportunities for technology use.