The mayor reportedly said that the mayor’s office learned more about cryptocurrencies and blockchain and how to use them to improve city services.
In an effort to use virtual money, the city of Portsmouth, New Hampshire will allow residents to pay their bills in Bitcoin (BTC) and other cryptocurrencies. Deglan McEachern, the city’s mayor, pitched the idea to city officials, who believe it will offer residents more payment options.

According to local news report Seacoastonline on March 23, Mayor McEachern said, “There are waves of new things that will affect us in terms of our future that will use the kind of technology that is used in cryptocurrency.” He continued:

“I want to make sure Portsmouth don’t wait and see how this will affect us going forward as it’s already affecting us.”
McEachern said City Hall learned a lot more about cryptocurrencies and blockchains and how to use them to improve city services. He also mentioned that all crypto payments would be converted to US dollars immediately, so the change would not affect the city’s monetary practices.

Government interest in cryptocurrencies is growing, as this project shows. Miami and New York, for example, are positive about cryptocurrency adoption. As Cointelegraph reported in mid-February, Colorado Governor Jared Polis said the state government would allow residents to pay taxes in crypto as early as the summer of 2022.

Related: US lawmakers push for state regulation of stablecoins at digital asset hearing

US lawmakers have proposed that potential regulatory uncertainties surrounding digital assets be resolved at the state level, rather than awaiting a decision from Congress. Back in February, a member of the Tennessee House of Representatives proposed allowing the state to invest in cryptocurrencies and non-fungible tokens.

Source: CoinTelegraph

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