Via its attempts to support virtual money, the city of Portsmouth, New Hampshire, is reportedly rolling out facilitating features for BTC and crypto-enabled payments for its residents. 

Specifically, Deaglan McEachern, the city’s mayor, reportedly put up a proposal for the idea to city officials, who share a belief that the development will offer a wider range of payment mediums for residents. 

“There are waves of new things that will affect us in terms of our future that use the type of technology used in cryptocurrency. I want to make sure Portsmouth is not waiting around to see how this is going to affect us in the future because it’s already affecting us.” Mayor McEachern reportedly remarked. 

McEachern additionally claimed that the City Hall has managed to acquire a firmer grasp of the crypto and blockchain concepts, together with the proper measure for taking advantage of them for enhanced city services. 

He also referred to the fact that any cryptocurrency payments would have supporting features for immediate conversion into U.S. dollars, in order to keep the change having zero negative effect on the city’s monetary practices.

Governments’ interest in cryptocurrencies is reportedly witnessing a surge, as can be seen via this new initiative. Miami and New York, for instance, have adopted a friendly stance towards crypto adoption. 

Colorado governor Jared Polis reportedly disclosed in February this year that the authority will grant legal authorization to crypto-enabled payments for residents, with the earliest timeline being summer 2022. 

Lawmakers in America have reportedly put up a proposal for dealing with any potential regulatory uncertainty associated with digital assets on a state level, instead of waiting for a congressional framework.

In February, a Tennessee House of Representatives member proposed allowing the state to invest in cryptocurrency and non-fungible tokens.