Jackson City, the eighth largest city in the US state of Tennessee, intends to allow residents to pay property tax in Bitcoin (BTC), said Mayor Scott Conger.
Mayor Conger announced his ambition on Twitter from specification The:
“Our blockchain task force is investigating how the CityofJacksonTN can accept property tax payments in Bitcoin and enable DCA in Bitcoin for our employees.”
DCA is an investment strategy in which an investor divides the total amount to be invested into regular purchases of a target value to reduce the impact of volatility on the overall purchase. Therefore, Jackson employees can make fewer Bitcoin purchases when prices are high and more when prices are low.
Major US cities are developing crypto-friendly policies
Conger launched the city’s blockchain task force back in April to promote crypto usage. It comprised various experts in the field of blockchain / crypto. The city’s blockchain task force orchestrated this move.
Jackson is one of the most crypto-friendly cities in the United States. Miami Mayor Francis Suarez has shown his commitment to integrating Bitcoin into the city’s ecosystem.
In February, Miami announced its commitment to allow its employees to receive their salaries in Bitcoin. Second, the city considered paying local fees and taxes in BTC or others Cryptocurrencies.
Suarez also had in mind that Miami would become the first city in the world to invest part of its treasury in Bitcoin. Meanwhile, the US-based Legacy Healing Center accepted Bitcoin and to open the doors to more addiction treatment ether as a valid means of payment.
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