how do cities use cryptocurrency to pay debts

Last Updated on March 26, 2024 by Paganoto

Mayors: Cryptocurrency won't solve your cities' problems

Using cryptocurrencies as a payment option is one possible use case that local leaders have promoted. But there are some disadvantages to …

Some local governments are accepting payment in cryptocurrency like Bitcoin and Ethereum, but these places are taking it a step further.

The city will actually receive such funds in the form of fiat currency—the cryptocurrency is converted to dollars by Invoice Cloud, the Phoenix …

Mayors from Los Angeles, Miami and Columbia outline why their cities are becoming early adopters of cryptocurrencies and digital payments.

Across the globe, cities in far-flung locations are adopting bitcoin in one way or another, and now there is chatter about Crypto Cities.

Much worse, though, is that the person who loaned them the money — and who thought that money was safe — is now at risk of not getting paid back …

The city can accept cryptocurrency thanks to its online payment partner Invoice Cloud, which uses Paypal as a payment option.

Demand from investors causes the coins’ value to rise or fall. The cities‘ share of that investment—30%—is stored in a digital wallet whose …

Customers who have cryptocurrency, like bitcoin, stored in their PayPal account can now use it to pay any outstanding debts to the city …

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, … to make it work in the long run — and to pay off the country’s debt in the …

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.