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Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments

Bitcoinist LogoBitcoinist4d ago

Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments - Bitcoinist

Quick Summary:

On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments.

According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems.

This announcement represents our openness to new ideas and dedication to positioning Detroit as a place for entrepreneurs and bold ideas to thrive.

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Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 15:30:41 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23481070

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 20 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments" has 450 words across 33 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments" was covered 4 days ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 20 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #23481070
  • URL: https://beamstart.com/news/detroit-becomes-largest-us-city-17311670793695

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