Detroit to Accept Crypto for Tax Payments in Bid to Spur Tech Innovation, Fuel Economic Growth

Quick Summary:

Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.

In April, it began allowing its U.S.customers to tap PYUSD for payments abroad.

In August 2023, PayPal introduced its own U.S.dollar-backed stablecoin, PYUSD.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaUnited Kingdom

Topics: Fees Payments Detroit Law and Order Taxes Paypal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 03:00:45 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 23466664

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

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: #63

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