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Detroit becomes 1st city to accept crypto
Detroit to become largest city in U.S. to accept cryptocurrency for taxes
Beginning in 2025, Detroiters will have the option to pay their taxes and other city fees with cryptocurrency, the city announced Thursday, making Detroit the largest city in the U.S. to accept cryptocurrency for taxes.
Detroit to accept cryptocurrency for taxes, fees through PayPal
The payments would be handled by PayPal, which would accept the cryptocurrency, then convert it to regular U.S. dollars for the city. That approach would shield Detroit from the risk of wild fluctuations in the value of such digital currencies, city Treasurer Nikhil Patel said in a phone interview.
Detroit to become largest US city to accept cryptocurrency payments
City leaders said the program will make Detroit the largest U.S. city to accept cryptocurrency as a form of payment for city fees and taxes. As of this month, only three U.S. states (Colorado, Utah and Louisiana) accept cryptocurrency for state payments.
Detroit residents will have option to pay taxes, other fees with cryptocurrency
Residents in Detroit will be able to pay their taxes and other city fees using cryptocurrency next year, officials announced.
Detroit to accept cryptocurrency tax payments in 2025
Detroit residents will soon be able to pay their taxes using cryptocurrency, the city announced Thursday. The move to allow residents to pay taxes and other city fees would make Detroit the largest city in the U.S. to accept cryptocurrency payments, according to city officials.
‘Building a technology-friendly environment’: Detroit to accept cryptocurrency payments in 2025
Detroit announced it is on track to become the largest city in the U.S. to accept cryptocurrency as a form of payment for taxes and other fees. The city said it is using a secure platform managed by PayPal for the new crypto payment option,
Detroit to soon allow tax payments in cryptocurrency
Detroit is set to make history as the largest U.S. city to accept cryptocurrency payments for taxes and municipal fees. This initiative was announced by city officials and will launch in mid-2025 through a secure platform managed by PayPal.
PayPal to Process Detroit’s New Crypto Tax Payment Program
Detroit has announced plans to accept cryptocurrency tax payments through PayPal starting in mid-2025, becoming the largest US city to adopt digital currency for municipal payments while implementing automatic conversion to US dollars to manage volatility risks.
Detroit Becomes the Largest U.S. City to Accept Cryptocurrency for Taxes—Federal Taxes In Spotlight
In a move that positions Detroit as a burgeoning hub for technological innovation, the city announced plans to accept cryptocurrency payments for taxes and fees starting in mid-2025. This initiative will make Detroit the largest U.
Detroit to become largest US city to accept cryptocurrency for tax payments
Starting next year, Detroit residents will be able to pay their taxes and other city fees using cryptocurrency. Detroit is set to become the largest U.S. city to do this.
Detroit Will Let You Pay Your Taxes in Bitcoin. You Probably Shouldn’t Do That
A lot of this appears to be a marketing ploy to position Detroit as an innovation hub, according to the city’s announcement, and comes just as President Trump has won a second term in office; he has said he would support a loosening of regulation on crypto.
Benzinga.com on MSN
5d
Detroit Becomes First Major US City To Accept Taxes And Fees In Crypto; Mayor Says, 'Fostering a Technology-Friendly Environment'
Detroit
is set to become the first major U.S. city to accept
cryptocurrency
for taxes and other city fees, top officials ...
Yahoo
4d
Detroit set to become largest US city to accept cryptocurrency for taxes
Starting next year, Detroiters will be able to pay their taxes and other city fees using
cryptocurrency
, the city announced ...
2d
on MSN
Cryptocurrencies Rally Following Trump Victory, El Salvador's Bitcoin Bet Pays Off And More: Top Crypto Updates This Week
The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered ...
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