United States’ city of Jackson, Tennessee, continues exploring a potential dive into cryptocurrencies, now looking to accept Bitcoin (BTC) for property tax payments.
Jackson Mayor Scott Conger announced late Thursday that the city’s blockchain task force had launched a study on potential methods to accept property tax payments in Bitcoin in the city.
The blockchain group will also explore how to allow employees to dollar-cost average Bitcoin, or purchase smaller amounts of Bitcoin over regular time intervals. Dollar-cost averaging Bitcoin purchases are considered to be the best strategy for accumulating Bitcoin, multiple studies confirmed.
Conger earlier took to Twitter to blast the ongoing inflation and the U.S. dollar devaluation, arguing that Bitcoin is the “only one fix for this.”
Why do we accept inflation? Why don’t we demand more from our federal government?
6.3% in 2 years. 172.8% in my lifetime. Every year our dollar is worth less. There is no rebound.
There is only 1 fix for this.. #Bitcoin
— Mayor Scott Conger