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.

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.

Detroit announced it is on track to become the largest city in the U.S. to accept cryptocurrency as a form of payment for taxes and other fees. The city said it is using a secure platform managed by PayPal for the new crypto payment option,

Residents in Detroit will be able to pay their taxes and other city fees using cryptocurrency next year, officials announced.

Detroit is set to make history as the largest U.S. city to accept cryptocurrency payments for taxes and municipal fees. This initiative was announced by city officials and will launch in mid-2025 through a secure platform managed by PayPal.

Detroit residents will soon be able to pay their taxes using cryptocurrency, the city announced Thursday. The move to allow residents to pay taxes and other city fees would make Detroit the largest city in the U.S. to accept cryptocurrency payments, according to city officials.

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.

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.

City leaders said the program will make Detroit the largest U.S. city to accept cryptocurrency as a form of payment for city fees and taxes. As of this month, only three U.S. states (Colorado, Utah and Louisiana) accept cryptocurrency for state payments.

A lot of this appears to be a marketing ploy to position Detroit as an innovation hub, according to the city’s announcement, and comes just as President Trump has won a second term in office; he has said he would support a loosening of regulation on crypto.