If you’re ready to dive into the world of cryptocurrency, Detroiters can now use them to pay their taxes.

Detroit Mayor Mike Duggan may not be a cryptocurrency guy himself, but he’s getting the city on the crypto train. It is the first city in the country to accept virtual currency as a form of tax payment.

“It will be released in time for your July property tax payment,” he said.

Starting in mid-2025, city residents will be able to pay their debts to Detroit with currencies such as bitcoin, part of the government’s effort to become more compatible with blockchain technology.

The announcement comes with an invitation for entrepreneurs to pitch their ideas to the city to increase data security that protects sensitive information.

Treasurer Nikhil Patel said the brains behind this team said that technically you will use crypto through PayPal and it will be converted into cash without being handled by the municipality.

“They will be able to go online and have the option of credit card, checking account, and PayPal cash or PayPal cryptocurrency, just like when paying at Amazon,” he said. “Everything will be paid in cash. The city is not exposed to any volatility in the crypto market.”

This was a must before taking action. This came after a resident suggested it at the city charter meeting.

“This is the first time we’ve seen the city use this as a payment option on a payment platform for property taxes.”

Cryptocurrency is a digital currency because it is not tied to a bank or government but uses a public digital ledger for secure transactions.

Plus, it’s hard to fake. Minus may be unstable, but more young people agree on this.

“Our biggest export in Michigan is not automobiles. It’s our young people, and it’s really driven by young people saying why Detroit doesn’t have the latest technology,” Duggan said.

If all goes as planned, the city of Detroit will open other city services to be paid with crypto.

“I think it sends a message that Detroit is a place that understands where the future is going and they want to be a part of it,” Duggan said.