Tennessee City Considers Bitcoin Tax Payments By BTC Peers

Tennessee City Considers Bitcoin Tax Payments By BTC Peers

Tennessee City Considers Bitcoin Tax Payments By BTC Peers

© Reuters. Tennessee City Considers Bitcoin Tax Payments

The mayor of Jackson, the eighth largest city in the state of Tennessee, revealed on Friday that plans are underway to allow citizens to pay their property taxes in.

In a series of tweets, Mayor Scott Conger said that a blockchain task force is working to turn the flagship coin into a tax payment option. Additionally, the task force wants employees to have an average dollar cost of Bitcoin.

The mayor is determined to turn Jackson into a major cryptocurrency hub. In April, Conger announced that a blockchain task force had been created for the city. He also pointed to the incoming industrial revolution that could be started by the adoption of Bitcoin.

Meanwhile, in a separate tweet, Conger expressed concern about the debasing of the dollar. He said:

Why do we accept inflation? Why don’t we demand more from our federal government? 6.3% in 2 years. 172.8% in my life. Every year our dollar is worthless.

Conger is arguably emulating in the footsteps of Francis Suárez, the mayor of Miami, who pushed for a similar proposal earlier this year.

Speaking of inflation, in a recent appearance on CNBC, Treasury Secretary Janet Yellen said there could still be several months of “rapid inflation.”

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