The U.S. is starting the era of cryptocurrency in tax payments.

Detroit Mayor Mike Duggan is taking a new step to strengthen the city's technology-friendly vision. Following Colorado, Utah, and Louisiana, Detroit's decision marks an important milestone for the widespread adoption of cryptocurrencies in public payments. The city administration is inviting entrepreneurs to apply with innovative projects for the civil applications of Blockchain technology.

Detroit Starts Tax Collection with Cryptocurrency

The latest move by the Detroit City Council is a significant part of its strategy to integrate technological innovations into public services. The project aims to increase financial inclusion, offering new opportunities especially for citizens with limited access to the traditional banking system.

Treasurer Nikhil Patel stated that the system will be operational by mid-2025. The city administration aims for payments made through PayPal's secure platform to provide a convenient and accessible experience for citizens.

Detroit's decision expands the path followed by smaller cities like Williston, North Dakota, and Miami Lakes, Florida, which already accept cryptocurrency payments. This technology-focused approach is strengthened by the support the city's entrepreneurship and economic opportunity department provides for Blockchain-based projects.

The city administration plans to leverage the potential of Blockchain technology to enhance data security and improve public services. In this context, the city encourages Blockchain entrepreneurs to develop innovative projects.