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Stockreport

Detroit to become largest city in U.S. to accept cryptocurrency for taxes [CBS News]

PayPal Holdings, Inc. (PYPL)  More Company Research Source: CBS News
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
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 [Read more]
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Stockreport

Detroit to become largest city in U.S. to accept cryptocurrency for taxes [CBS News]

PayPal Holdings, Inc.  (PYPL) 
More Company Research Source: CBS News
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
PYPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS