The Austin mayor presented two new initiatives. After finally understanding what the crypto payments and blockchain technology can give to the city, Austin.
And embracing the latest tech can enhance the life of the native of Austin city. The biggest city of Texas was looking for blockchain technology amalgamation since 2020. And now finally discovered the value of the latest tech.
As, the Mayor of Austin city, Steve Adler presented two new initiatives. And the aim to present the first initiative is to confirm. That the Texas fourth biggest city supports the advantages of blockchain technology.
And supports the “ equity, diversity, accessibility, and inclusion” in the technological industry.
And for the first initiative towards the introduction of the latest tech in the Austin City .The Mayor Adler supervises the city manager to find out how the Austin city can use the web.3 and blockchain technology in 20 niches.
That ranges from smart contracts, supply chain management and insurance to arts, media, fundraising and identity verification.
On the other hand, the second initiative of Mayor Adler directs the city manager. To create” fact finding study.” And to understand the possibilities of how the Austin city of Texas could embrace the bitcoin and crypto currency related policies.
Through this initiative mayor Adler seems to open the doors for the natives of Austin city. To pay their bills in a legal way using digital currency.
Also, this initiative orders the city manager to discover the possibilities to enable the acceptance of bitcoin and other cryptocurrencies in form of payment for the “municipal taxes, fees and penalties.”
Final Thoughts:
The Austin mayor presented two new initiatives. After understanding the importance of web3 and crypto payments. The first initiative presented that aims to make sure that it supports the advantages of blockchain tech, also supports the “ equity, diversity, accessibility, and inclusion” in the technological industry.
And this first initiative by the mayor Adler orders the city manager to discover the benefits of blockchain tech and web.3 that the Austin city can use.
And the second initiative that has been presented by the mayor Adler was to create a fact finding study on how the city could adopt digital currency connected policies.
Through this step the mayor seems to give another legal way to the natives of the Austin city to pay their bills using digital currencies and bitcoin.
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