Detroit residents will soon have the option to pay their taxes and other city fees using cryptocurrency through PayPal, as announced by the city’s Office of the Treasury on Thursday.
This payment method, set to be available in mid-2025, will utilize a secure payment platform managed by PayPal.
It is not yet known which specific cryptocurrencies will be accepted, but PayPal currently supports only a few, including Bitcoin, Ether, and their own stablecoin, PayPal USD. This will make Detroit the largest US city to accept crypto payments.
Two other cities, Miami Lakes, Florida and Williston, South Dakota, as well as three states – Colorado, Utah, and Louisiana, have already implemented similar payment options with the help of third-party processors like PayPal or BitPay. These services convert crypto payments into US dollars.
