Detroit Residents will soon have the Option to pay Taxes and other City Fees using Cryptocurrency, through a Secure Platform managed by PayPal, City Officials announced today. In doing so, Detroit would become the Largest U.S. City to accept Cryptocurrency Payments.
This innovative Payment option is part of a larger Strategy by the City, to explore Innovative Technologies that could enhance Public Services, strengthen Civic Engagement, and foster Economic growth. The Initiative not only makes it easier for Detroit Residents to Transact with the City, but also marks Detroit’s Commitment to welcoming Blockchain and Technology Entrepreneurs who want to make a Difference in the City.
“Detroit is building a technology-friendly environment that empowers residents and entrepreneurs, said Detroit Mayor Mike Duggan (D). “We are excited to be one of the first major U.S. cities to explore blockchains civic applications and allow residents to use their cryptocurrency as a payment option.”
The Payment option will become Available in mid 2025, along with additional Improvements to City Payment services, said Treasurer Nikhil Patel.
“The Treasurer’s Office is committed to modernizing our payments channels and processes to enhance the customer experience and improve internal operational efficiency,” Patel said. “This new payment platform will increase accessibility for Detroiters who would like to use cryptocurrency; more importantly, the platform upgrade will also make it easier for Detroiters to make electronic payments – including those who may be unbanked.”
In addition to the Cryptocurrency Payment option, the City of Detroit invites Blockchain Entrepreneurs and Innovators to pitch their Ideas for Block Chain Civic Applications to Justin Onwenu, the City of Detroit’s First Director of Entrepreneurship and Economic Opportunity.
Through this Open call for Innovative Blockchain Applications, the City is particularly interested in Projects that leverage Blockchain’s potential for Enhancing Transparency, improving Data Security, and streamlining Public Services.
Blockchain Entrepreneurs and Innovators are invited to send Proposals by December 15th, 2024. Proposals should include: Descriptions of the proposed Solutions, potential Stakeholders, Costs, Risks, and should also Outline how Their ideas will improve City Services and benefit City Residents.
“This announcement represents our openness to new ideas and dedication to positioning Detroit as a place for entrepreneurs and bold ideas to thrive, said Justin Onwenu, City of Detroit Director of Entrepreneurship and Economic Opportunity. “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.”
With this effort, The City of Detroit will become the Largest U.S. City to accept Cryptocurrency, as a form of Payment for City Fees and Taxes.
As of November 2024, only Three U.S. States: Colorado, Louisian, and Utah, Accepted Cryptocurrency for State Payments.
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