The city of Portsmouth, New Hampshire is now accepting BTC and other forms of cryptocurrency as a form of payment. City officials are confident that this will provide consumers with more options for paying their monthly utilities.
In an effort to embrace virtual money, the city of Portsmouth, New Hampshire, will allow residents to pay their bills in Bitcoin and other cryptocurrencies. Deaglan McEachern, the city's mayor, proposed the idea to city officials, who feel it will provide residents with more payment choices.from Seacoastonline on March 23, Mayor McEachern said that"there are waves of new things that will affect us in terms of our future that use the type of technology used in cryptocurrency.
"I want to make sure Portsmouth is not waiting around to see how this is going to affect us in the future because it's already affecting us." McEachern said the City Hall has learned a lot more about cryptocurrencies and blockchains, as well as how to utilize them for improved city services. He also mentioned that any cryptocurrency payments would be immediately converted into U.S. dollars so that the change would have no impact on the city's monetary practices.
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