Cryptocurrency is a digital currency that uses cryptography and a decentralized network to enable secure transactions without a central authority like a bank or government.

Detroit will begin accepting cryptocurrencies for city fees and taxes, becoming the largest U.S. city so far to do so, says a statement from Mayor Mike Duggan. Only Colorado, Utah, and Louisiana accept cryptocurrency for state payments, the statement notes.

Detroit is positioning itself to become the "largest city" in the U.S. to accept cryptocurrency payments for taxes and other city fees, marking a significant pivot for Detroit residents.

Residents in Detroit will be able to pay their taxes and other city fees using cryptocurrency next year, officials announced.

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 is making history as the first major American city that will permit cryptocurrency to pay for its services.

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.

Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.

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.

Detroit residents will be able to pay taxes in cryptocurrency, establishing Detroit as the first major city to embrace crypto for municipal services. Partnering with PayPal, the city