Austin, Texas may soon accept cryptocurrency for payment. Steve Adler joins New York City and Miami mayors, both of whom have adopted blockchain technology in order to give their constituents benefits and other opportunities.

Adler plans to use blockchain technology for a variety of services in the city, including payment processing, consumer activities and data security. Mayor Adler wants to make the city a hub for innovation and high-tech technology.

The Austin City Council will discuss the possibility of accepting and other cryptocurrency as payment methods for taxes and fees.

“We want to be part of the cities that are thinking big and bold and attracting talent,”
Adler said.

“The City Manager is directed to consider supporting, participating in or organizing the facilitating of the creation and development of blockchain technologies through activities such as, without limitation, hackathons, accelerators, incubators, contests, challenges, and prizes,”
According to the official paper.

Austin is eager to assist the startups and innovators that turn Web3, cryptocurrency and blockchain technology’s promises into reality. Thank you to @MK6ATX, @consensus2022, and @JoshuaBaer for their resolution. #SXSW pic.twitter.com/HdmuGA0l2Y

— Mayor Adler | Get vaccinated! (@MayorAdler), March 11, 2022

Flipside

• In 2017, Austin’s Office of Innovation ReceivedIt provided funding for research, development, and testing of Blockchain technology. It aimed to create innovative solutions for homeless people and deliver “public advancements that might well have practical applications.”

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin