Another U.S. city has set up plans to allow payments of taxes in Bitcoin (BTC)

Another U.S. city has set up plans to allow payments of taxes in Bitcoin (BTC)
фото показано с : invezz.com

2021-7-16 18:16

United State’s city of Jackson, Tennessee, could be the next city in the US to completely adopt Bitcoin for payments. The city has made a major move to enable residents to pay their property taxes in Bitcoin (BTC/USD).  

Scott Conger, Jackson’s Mayor announced on Thursday that the city may start allowing residents to pay their property taxes in Bitcoin after a successful study on its potentials. He said a task force has already been set up for such a purpose.

Our blockchain task force is looking into how the @CityofJacksonTN can accept property tax payments in #bitcoin and allow our employees to DCA in Bitcoin.

— Mayor Scott Conger (@MayorConger) July 16, 2021

The task force, according to the announcement, will also study the feasibility of allowing employees to buy smaller amounts of Bitcoin over regular time intervals. Multiple studies have confirmed that the best way to accumulate Bitcoin is via dollar-cost averaging Bitcoin, and the city of Jackson wants to allow employees to follow this route. Jackson is the eighth-largest city in the state of Tennessee.

Conger clamors for serious crypto adoption

The recent debate on the U.S. dollar devaluation and inflation caught the attention of Conger, who blasted the proposal and suggested that Bitcoin could be the only way out.

Every year our dollar is worthless. There is no rebound. There is only 1 fix for this. #Bitcoin”, he stated on Twitter.

Conger had, in April, announced a broader plan the city’s administrators have for cryptocurrencies.

The city has been working seriously to adopt cryptocurrencies for the payment of employees. It recently added BTC to the city’s balance sheet and adopted Bitcoin mining operations. Conger indicated that the city is looking to allow payment in several other crypto assets such as Litecoin (LTC/USD) and Ethereum (ETH/USD).

More regions register interest in Bitcoin

Jackson’s Bitcoin adoption plan is coming after Miami’s Mayor Francis Suarez pushed for the use of the crypto asset for tax and salary payments. The major is a serious crypto enthusiast and has been clamoring for the adoption of Bitcoin and other cryptocurrencies in the state.

Wyoming and Texas are other regions trying to set themselves up as major crypto hubs in the country.

The post Another U.S. city has set up plans to allow payments of taxes in Bitcoin (BTC) appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Swarm City (SWT) на Currencies.ru

$ 0.0273215 (+0.52%)
Объем 24H $0
Изменеия 24h: 1.01 %, 7d: 3.66 %
Cегодня L: $0.027122 - H: $0.0273215
Капитализация $0 Rank 8631
Цена в час новости $ 0.0376201 (-27.38%)

city bitcoin taxes btc payments made adopt

city bitcoin → Результатов: 126


Фото:

Сальвадор вложит в открытие Bitcoin City $1 млрд от продажи облигаций

Президент Сальвадора Наиб Букеле сообщил о планах по запуску Bitcoin City. Проект призван обеспечить развитие криптовалютной индустрии и других технологических и социальных инициатив в стране.

2021-11-23 10:18


Scalable Dapp Development Platform Squeezer.io Looks to Revolutionize Business Infrastructures Through Blockchain Implementation

Bitcoin Press Release: Scalable dApp creation platform Squeezer. io will help software developers integrate decentralized apps into already established business infrastructures. Monday 22nd April, 2019, Belize City, BELIZE –  Scalable dApp creation platform Squeezer.

2019-4-26 22:30


Фото:

One Man’s Quest to Make Buenos Aires a Bitcoin City

A 19-year-old information engineering student in Buenos Aires, Argentina, has started a grassroots campaign to educate local businesses about accepting bitcoin as a payment method. First introduced to the cryptocurrency when he was 13, Leo is intent on seeing the vision of bitcoin becoming a mainstream transactional currency realized, and believes that homegrown actions as […] The post One Man’s Quest to Make Buenos Aires a Bitcoin City appeared first on Bitcoin News.

2019-2-25 16:20