Detroit to Accept Crypto for Tax Payments Starting in Mid-2025
Starting in mid-2025, Detroit will be accepting crypto for tax payments as part of a larger plan to “modernize and enhance” payment methods for taxes and city
Detroit will begin accepting cryptocurrency for tax payments in mid-2025, part of a larger plan to “modernize and enhance” payment methods for taxes and city services, city officials announced.
In a statement, the Detroit Office of Treasury said the city will soon accept crypto for taxes and other fees, as part of its strategy to “modernize” and attract blockchain companies.
On Nov. 7, the Detroit Treasury announced that mid-2025 will see the introduction of crypto payment options through a “secure payment platform managed by PayPal.”
While Detroit did not specify the cryptocurrencies it will accept, PayPal — which is handling the platform — does support a handful of major crypto assets, including Bitcoin, Ether, Bitcoin Cash, Litecoin, and PayPal USD.
The city of Detroit said that enabling crypto payments is part of a broader strategy to “modernize” its systems, improve operational efficiency, and grow blockchain businesses in the region.
“Detroit is building a technology-friendly environment that empowers residents and entrepreneurs. We are excited to be one of the first major U.S. cities to explore blockchain’s civic applications and allow residents to use their cryptocurrency as a payment option,” said Detroit Mayor Mike Duggan in a statement.
In addition to unveiling the new crypto payment options, Detroit is also inviting blockchain entrepreneurs to submit their ideas for “blockchain civic applications” to Justin Onwenu, the city's director of entrepreneurship and economic opportunity.
Related: How Bitcoin Fits into an AI-Driven World: Specialist Breaks Down the Integration
Those planning to pitch blockchain ideas for civic use cases in Detroit must submit their proposals via email by Dec. 15.
“Blockchain technologies have the potential to drive greater accessibility, efficiency, transparency, and security and we’re excited to hear from entrepreneurs at the forefront of this work,” said Onwenu.
By enabling crypto payments, Detroit will join other U.S. municipalities like Miami Lakes, Florida, and Williston, South Dakota, which have already adopted cryptocurrency for tax and city service payments.
Colorado and Louisiana have also integrated cryptocurrency for civic services, partnering with third-party payment services like PayPal or BitPay to facilitate the transactions.
The new initiative from Detroit comes three days after pro-crypto Republican Donald Trump was elected president. The crypto space is largely anticipating a pro-crypto environment and clearer regulations from the Trump administration, which could include the removal of SEC Chair Gary Gensler and the creation of a national Bitcoin reserve.
The above is the detailed content of Detroit to Accept Crypto for Tax Payments Starting in Mid-2025. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

Meme coins have taken the crypto world by storm, capturing imaginations and wallets alike with a blend of humor, community, and high-reward potential.

This month, projects like MemeFi, PiggyPiggy, and others are offering early participants the chance to earn valuable tokens.

With counting underway and Trump maintaining a considerable lead over Kamala Harris, Shiba Inu (SHIB) may turn bullish if Republican candidate Donald Trump

This heavy buying comes on the heels of election results that have sparked renewed optimism across crypto assets. Could the Dogecoin price rally be the ultimate play

The meme coin based on the avatar of Pepe the Frog rose by 42% on November 13 during a lull in the stock market. This quickly came after it was listed on

Investing.com-- Bitcoin steadied near recent peaks on Thursday, as Donald Trump's victory in the 2024 presidential election sparked sharp gains in cryptocurrencies

XRP has witnessed slight gains over the past few days after Donald Trump emerged as the winner of the just-concluded U.S. presidential election.

In the ever-evolving world of cryptocurrency, identifying which digital asset holds the most potential can be complex. While Bitcoin continues to reign as the first and