The city has announced that a new crypto payment option will be available starting in mid-2025. This payment option will be facilitated through a secure payment platform managed by PayPal. The spokesperson for the city confirmed that only certain cryptocurrencies supported by PayPal will be accepted, including bitcoin, ether, bitcoin cash, litecoin, and PayPal’s stablecoin, PayPal USD. However, all crypto payments made will be settled in USD.
This initiative is part of the city’s efforts to embrace digital currencies and provide more flexibility for residents and businesses when it comes to payments. By partnering with PayPal, the city aims to ensure a secure and reliable payment experience for users.
Stay tuned for more updates as the launch of the new crypto payment option approaches in mid-2025!
