At the suggestion of Austin, Texas Mayor Steve Adler, the city council has agreed to investigate the use of bitcoin as a method of payment for taxes, penalties and fees.
According to a statement on the city of Austin’s official website, Mayor Steve Adler is aiming to make the city a global leader in the crypto space. He proposed 2 offers. One is the blockchain system and Campaigns to promote the benefits of Web3 while the other in taxes, penalties and fees was the use of bitcoin as a payment method.
Mayor Steve Adler and Councilor Mackenzie Kelly will report to the city council on crypto adoption and potential risks. If this report It will be delivered on June 16.
Adler thinks people’s well-being will improve if the city adopts the blockchain system and bitcoin more.
Also, the municipality President also made statements about bitcoin found. Bitcoin as a store of value it is safe and that you can perform transactions instantly without worrying about geographical borders. told. According to the president, the city of Austin should follow examples like Miami and New York and should interact more with cryptocurrencies.