
KEY POINTS
- Detroit's Mayor said the city is moving toward providing a 'technology-friendly environment'
- The initiative is expected to help improve payments for Detroit residents and cater to the unbanked
- The city has also called on blockchain developers and businesses to send in proposals for new projects
Detroit, the most populated city in Michigan, will soon allow its residents to pay for their taxes and city fees in cryptocurrency, marking a significant milestone in the journey of crypto toward broader adoption.