Austin Texas is big on music festivals and now blockchain technology. Mayor Steve Adler has ordered the City Manager to look into how the city can use blockchain tech to make life even better for residents.
Under this initiative, the City Manager should find ways to allow “the acceptance of Bitcoin or other cryptocurrencies as payment for municipal taxes, fees, and penalties” as the first set of policies to look into.
The success of the two initiatives will be based on the level of effect new applications have on the everyday lives of Austin residents. The proposals will be voted on by the city’s council on March 24. Austin’s City Council has been considering blockchain technological integrations since at least 2020 when a proposal was made to use smart contracts for theAustin is in league with Miami, New York City, and the state of Colorado in rapidly expanding exploration efforts and proposed implementation of policies related to cryptocurrency. Miami and New York have already
through City Coin on the Stacks layer-1 blockchain, while Austin’s own program is still in development.
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