Detroit to become largest city in U.S. to accept cryptocurrency for taxes [CBS News]
PayPal Holdings, Inc. (PYPL)
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Source: CBS News
Thursday, making Detroit the largest city in the U.S. to accept cryptocurrency for taxes. City officials said payments will be made through a secure platform and managed by PayPal. "Detroit is building a technology-friendly environment that empowers residents and entrepreneurs, said Detroit Mayor Mike Duggan in a statement. "We are excited to be one of the first major U.S. cities to explore blockchains civic applications and allow residents to use their cryptocurrency as a payment option." City treasurer Nikhil Patel said the payment option will be made available in mid-2025, but did not provide an exact date as to when the option will launch. "The Treasurer's Office is committed to modernizing our payments channels and processes to enhance the customer experience and improve internal operational efficiency," Patel said. "This new payment platform will increase accessibility for Detroiters who would like to use cryptocurrency; more importantly, the platform upgrade will also m
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News
- Detroit Embraces Crypto For Tax Payments: Risks And Potential [Forbes]Forbes
- Is PayPal Holdings, Inc. (PYPL) The Best Stock Under $100 To Invest In? [Yahoo! Finance]Yahoo! Finance
- Detroit Becomes First Major American City To Pioneer Crypto Payments for City Services [Yahoo! Finance]Yahoo! Finance
- Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal [Yahoo! Finance]Yahoo! Finance
- Is PayPal Holdings Inc. (PYPL) a Good Stock to Buy Now According to Redditors? [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/15/24 - Form 4
- PYPL's page on the SEC website