The crypto payment option, which will be offered through a “secure payment platform managed by PayPal,” according to the release, is expected to go live in mid-2025. A spokesperson for the city told CoinDesk the city will only accept the cryptocurrencies supported by PayPal — bitcoin, ether, bitcoin cash, litecoin, and PayPal’s own stablecoin, PayPal USD — but all crypto payments will settle in USD.
Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
November 12, 2024
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