City of Detroit with blockchain ideas – Cryptocurrencies planned for payment
In Detroit, citizens can now pay the city council with Bitcoin and Co. The city is apparently planning more with blockchain technology
View from Windsor, Ontario, across the Detroit River to the Detroit skyline in Michigan.
(Image: Daniel AJ Sokolov)
As the largest city in the United States to date, Detroit has now announced that it will introduce cryptocurrencies as a possible means of payment for the city administration in the coming year. Fees and taxes can then be paid using currencies such as Bitcoin or Ethereum.
The city of Detroit announced its plans in a press release. According to the press release, the innovation is to be introduced in mid-2025 and will primarily appeal to citizens who do not have a bank account. According to 2021 statistics, this affects around six million households in America. The city administration is very excited about introducing blockchain technology into citizen services and enabling citizens to pay with cryptocurrencies, said Detroit Mayor Mike Duggan.
More blockchain ideas wanted
And the city has even more blockchain ambitions: Linked to the announcement is a call for blockchain entrepreneurs and innovators to suggest further applications for the technology that are suitable for civic services. The city is particularly interested in projects that use the potential of blockchain to increase transparency, improve data security and optimize public service processes.
According to a media report, payments to the city are to be converted into dollars beforehand in order to protect against strong price fluctuations in cryptocurrencies. This is also how some US states, such as Colorado, Utah and Louisiana, already accept crypto payments for public services.
(nen)
