Home Crypto Jackson City in Tennessee Plans to Accept Property Tax Payment in Bitcoin

Jackson City in Tennessee Plans to Accept Property Tax Payment in Bitcoin

Jackson City, the eighth-biggest metropolis in the US state of Tennessee, intends to allow its residents to pay property tax in Bitcoin (BTC), in accordance to Mayor Scott Conger. 

Mayor Conger introduced his ambition on Twitter by stating that:

“Our blockchain process power is wanting into how the CityofJacksonTN can settle for property tax funds in Bitcoin and permit our workers to DCA in Bitcoin.”

DCA is an funding technique in which an investor divides up the overall quantity to be invested throughout periodic purchases of a goal asset to cut back the influence of volatility on the general buy. Therefore, workers in Jackson can be ready to make fewer Bitcoin purchases when the costs are excessive and extra when the costs are low.

U.S. main cities develop crypto-friendly insurance policies

Conger created town’s blockchain process power again in April, intending to encourage crypto utilization. It comprised numerous consultants in the blockchain/crypto house. The metropolis’s blockchain process power was orchestrating this transfer. 

Jackson is among the many crypto-friendly cities in the US. Miami’s mayor, Francis Suarez, has proven his dedication to having Bitcoin built-in into town’s ecosystem.

In February, Miami disclosed its dedication to enable its workers to obtain their salaries in Bitcoin. Secondly, town was contemplating native charges and taxes to be paid in BTC or different cryptocurrencies

Suarez was additionally eyeing Miami changing into the primary metropolis globally to place a few of its treasury into Bitcoin. Meanwhile, as a manner to open the doorways to extra habit remedy, the US-based Legacy Healing Center accepted Bitcoin and Ethereum as legitimate types of fee. 

Image supply: Shutterstock

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