which allows residents to pay utility bills with cryptocurrency, and Miami Lakes, Florida, where residents can pay for city services like licenses and permits. In addition to the new payment option, the city is also inviting blockchain entrepreneurs and ...

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 will begin accepting cryptocurrencies for city fees and taxes, becoming the largest U.S. city so far to do so, says a statement from Mayor Mike Duggan. Only Colorado, Utah, and Louisiana accept cryptocurrency for state payments, the statement notes.