The city of Portsmouth, New Hampshire, has announced that it will allow residents to pay their bills using bitcoin and other cryptocurrencies through PayPal.
The city’s mayor, Deaglan McEachern, has submitted the proposal to the city officials, noting that the move will enable its constituents to have more payment options.
McEachern says that blockchain technology represents a wave of new things that are bound to affect the operations of the city.
The mayor adds that all the cryptocurrency payments will be converted into US dollars instantly to cushion against volatility.
The news comes amid surging interest in cryptocurrencies by several states. Miami and New York have been some of the most friendly cities towards crypto with Colorado approving its use in tax payments.
US legislators have said in the past that cryptocurrency regulations must be addressed at the state level.
Source: Seacoastonline
