Detroit set to become largest US city to accept cryptocurrency for taxes

Starting next year, Detroiters will be able to pay their taxes and other city fees using cryptocurrency, the city announced on Thursday. Detroit is set to become the largest U.S. city to do this. The city says that the transactions will happen through a secure platform managed by PayPal. The city says this change is part of a larger strategy to "explore innovative technologies that could enhance public services, strengthen civic engagement, and foster economic growth."