Did you guy see that news item about the city of Detroit doing a Bitcoin Strategic reserve starting in ‘25?
Anybody have more info on that?
Did you guy see that news item about the city of Detroit doing a Bitcoin Strategic reserve starting in ‘25?
Anybody have more info on that?
"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.
Detroit’s Cryptocurrency Move
Mayor Mike Duggan expressed excitement about the initiative, emphasizing Detroit’s commitment to fostering a “technology-friendly environment” that supports residents and entrepreneurs. Duggan stated:
Detroit is building a technology-friendly environment that empowers residents and entrepreneurs. We are excited to be one of the first major US cities to explore blockchain’s civic applications and allow residents to use their cryptocurrency as a payment option."
https://bitcoinist.com/detroit-largest-us-city-to-accept-bitcoin-for-tax/