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Tennessee considering to accept Bitcoin for property tax payments

Source: wbbjtv

Mayor Scott Conger of the United States city of Jackson, Tennessee, recently stated that the city’s blockchain task force had begun research on potential means for accepting Bitcoin property tax payments in the city. Jackson is still looking at a potential foray into cryptocurrencies and is now finally considering accepting Bitcoin for property tax payments.

Employees will be able to dollar-cost average Bitcoin purchases or buy lesser amounts of Bitcoin at regular intervals, owing to the blockchain group’s efforts. The greatest technique for accumulating Bitcoin is to purchase it in small increments at a low cost.

Conger pushed for Bitcoin acceptance in May, announcing the formation of a Blockchain task force and changing his Twitter profile picture to the laser-eyes image popular among Bitcoin aficionados.

It’ll bring more opportunity, It’s so refreshing to hear governments discussing different ways to finance things, besides ‘we’re going to raise your property taxes,’ or ‘we’re going to implement this fee.’ If we can find another way to do it, then that’s what we’re going to do.

Conger’s proposal focuses on the possibility of providing cryptocurrency-based payroll conversions for city workers. Simply put, the aim is to use cryptocurrencies as an additional, alternative investment option for city employees and enterprises, especially given the rising value of Bitcoin.

Related: Oklo and Compass to Launch advanced Fission-Powered Bitcoin Mining

Mayor Conger follows in the footsteps of Miami Mayor Francis Suarez, who has pushed for the city of Miami to accept Bitcoin for tax and salary payments. Francis Suarez, wants South Florida to lead the way in development using new technologies and promotes cryptocurrency to move forward in decentralized innovation.

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