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 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.

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 from the risk of wild fluctuations in the value of such digital currencies, city Treasurer Nikhil Patel said in a phone interview.

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.

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 with crypto, becoming the first in the US to do so. City officials say they are optimistic for this next step.

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 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.