• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Tuesday, September 26, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Jackson City to offer crypto payroll conversion option next year

News
by Damien Martin
21 December 2021
Jackson City to offer crypto payroll conversion option next year
Share on FacebookShare on Twitter

City of Jackson, Tennessee, USA will soon become the first city in the country to allow city employees to convert their salary into cryptocurrencies, local media “Jackson Sun” reported Sunday.

Meanwhile, the city cannot hold cryptocurrencies on its balance sheet as per state laws. Consequently, it will start recruiting third-party companies that support the payroll conversion from December 22.

Thereafter, an expert committee will review the request for proposals (RFPs) by February 2022. The committee will likely make a recommendation to the city council in February, City Mayor Scott Conger said while announcing the move.

Plans to consider offering crypto payment conversion were first discussed in April 2021. At the time, Mayor Conger mentioned in his official Twitter account that he plans to introduce Bitcoin (BTC) into the city’s finances. He noted in May:

“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.”

Jackson City currently allows its employees to access a deferred compensation opportunity for their retirement.

The city mayor has become the latest US official to receive his salary in Bitcoin after the Mayors of Miami and New York City announced the same.

Previous Post

Polygon secures 99.3% votes in favor for Uniswap v3 contract deployment

Next Post

JP Morgan to help Siemens develop new blockchain payments system

Damien Martin

Damien Martin

Damien has a rich history in the fintech and business reporting world. He is currently working at OBN to cover the most important news from the blockchain industry.

Related Posts

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

by Damien Martin
25 July 2023

Dogecoin (DOGE) rose for a second straight day on speculation that the memecoin will play a bigger role in the...

“Bitcoin / Web3 is necessary in the world” Hiroyuki × Yuzo Kano WebX special dialogue decision

Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference

by Kurt Ebenzer
25 July 2023

Focus on building emerging technologies Web3 and Bitcoin are said to be one of the hottest topics in the world,...

U.S. SEC Chairman Requests 10 Billion Yen Budget Increase, Including Support for Virtual Currency

US District Court Announces Date in Coinbase v. SEC Case

by Kurt Ebenzer
25 July 2023

Provide due dates for petitions and legal advice letters U.S. District Judge Catherine Polka Faira announced the upcoming schedule for...

No Result
View All Result

Recent Posts

  • Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan
  • Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference
  • US District Court Announces Date in Coinbase v. SEC Case
  • U.S. Ripple’s CTO highly evaluates the potential of real asset tokenization | WebX Conference
  • HashPort Group concludes basic agreement with KDDI to consider comprehensive collaboration in 3 Web areas | CoinDesk JAPAN | Coin Desk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News