Detroit city officials announced Thursday that the city will become the largest city in the United States to accept cryptocurrency payments. Residents can pay taxes and other city fees using cryptocurrencies through a secure platform managed by PayPal.
Treasurer Nikhil Patel said the option will be available by mid-2025, along with further improvements to city payment services. This is part of a larger strategy by the city of Detroit to explore innovative technologies that can enhance public services, strengthen citizen engagement and promote economic growth. (The Block)