Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
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 to accept cryptocurrency for taxes, fees through PayPal
To be sure, the city itself will not be amassing bitcoin or other cryptocurrencies. The payments would be handled by PayPal, which would accept the cryptocurrency, then convert it to regular U.S. dollars for the city. That approach would shield Detroit ...
Detroit Set to Accept Resident Payments in Cryptocurrency
Residents will have the option beginning in mid-2025 to make payments with the digital currency through a secure platform managed by PayPal, a move officials hope will help attract tech startups to the city.
Detroit to become largest US city to accept cryptocurrency for tax payments
Starting next year, Detroit residents will be able to pay their taxes and other city fees using cryptocurrency. Detroit is set to become the largest U.S. city to do this.
PayPal to Process Detroit’s New Crypto Tax Payment Program
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 to become largest city in U.S. to accept cryptocurrency for taxes
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.
Detroit becomes the first city to accept crypto, what's next?
Detroiters will soon be able to pay with crypto, becoming the first in the US to do so. City officials say they are optimistic for this next step.
Detroit Becomes the Largest U.S. City to Accept Cryptocurrency for Taxes—Federal Taxes In Spotlight
In a move that positions Detroit as a burgeoning hub for technological innovation, the city announced plans to accept cryptocurrency payments for taxes and fees starting in mid-2025. This initiative will make Detroit the largest U.
Detroit Says It Will Be Largest US City to Accept Crypto
After the massive surge in bitcoin and other cryptocurrencies that followed Donald Trump's election win, more good news for those with a crypto wallet: Detroit says residents will have the option to pay taxes and other city fees in cryptocurrency starting next year,
Detroit To Allow Residents To Pay Taxes, City Fees In Crypto In Mid-2025
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.
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Detroit to Accept Crypto for Tax Payments in Bid to Spur Tech Innovation, Fuel Economic Growth
Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.
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PayPal Stock Slips Despite Increased Outlook. Is the Stock a Buy?
It said this trade-off will carry into 2025 before a new baseline is set. For the quarter itself, PayPal's revenue rose 6% ...