Detroit Embraces Crypto For Tax Payments: Risks And Potential
DETROIT, MI – OCTOBER 16: The Detroit city skyline and the Ambassador bridge are seen from Riverside … [+]
Detroit has announced it will become the largest municipality in the US to allow residents to pay taxes using cryptocurrencies when it rolls out a new PayPal-managed payment platform in 2025. The initiative hopes to spur technological innovation and foster economic growth—but may come with risks.
The city’s leaders hope this strategy will modernize Detroit’s municipal services and improve the city’s financial inclusivity, particularly for unbanked residents. While Detroit’s plans are…
