2 years ago
An Arizona metropolis is allowing residents to wage their inferior bills successful bitcoin and ether successful the latest illustration of municipal governments embracing cryptocurrencies.
Chandler, a Phoenix suburb, connected Wednesday said that residents tin wage successful bitcoin, ether and litecoin held successful their PayPal accounts. But the metropolis won’t ever interaction those coins; its inferior payments processor Invoice Cloud volition merchantability it each for fiat, a property merchandise said.
City Councilmember Mark Stewart said successful a property merchandise that it’s important to service residents with the newest technology, similar crypto payments. But it was unclear astatine property clip whether anyone successful the metropolis of 250,000 had begun utilizing the option.
Chandler is not the archetypal U.S. metropolis to mesh crypto payments with utilities. Mercedes, Texas voted to probe the subject past November, months aft Williston, North Dakota brought its offering online. Both are orders of magnitude smaller than Chandler.
Chandler’s prime of PayPal means that bill-payers can’t usage their self-custodied coins. PayPal’s crypto work is simply a closed loop that doesn’t fto integer assets successful oregon out.
PayPal and metropolis officials did not respond to CoinDesk’s questions by property time.
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