<span style="font-weight: 400">Intending to embrace virtual money, residents of the city of Portsmouth, New Hampshire have adopted cryptocurrency as a payment method. Residents are in agreement of utilizing Bitcoin (BTC) and other cryptocurrencies through PayPal. </span>
<h2><strong>Proposal of the Idea</strong></h2>
<span style="font-weight: 400">The city’s mayor, Deaglan McEachern had approached the idea of cryptocurrency as a payment method to the authorities. The mayor had stated that the people of Portsmouth should be offered additional payment options. </span>

<span style="font-weight: 400">Mayor McEachern has convinced the major stakeholders of the importance of embracing the ever-evolving technology. He further continues,</span>
<blockquote><em><span style="font-weight: 400">“I want to ensure Portsmouth isn’t waiting around to see how it will affect the future.” According to McEachern understanding cryptocurrencies in the present times helps the city take an early seat in the nascent technology. “By creating more ways to pay bills, we are enabling greater participation.”</span></em></blockquote>
<h2><strong>How Is Crypto Adoption Beneficial to Portsmouth?</strong></h2>
<span style="font-weight: 400">In recent times, following the adoption of Bitcoin and other cryptocurrencies including New York and Miami’s move to embrace cryptocurrency. Additionally, <a href="https://www.cryptoknowmics.com/news/bitcoin-will-be-legal-tender-in-2-more-countries-this-year-el-salvadors-president-predicts/">El Salvador</a> has also been making the news by accepting Bitcoin as their legal tender.</span>

<span style="font-weight: 400">Portsmouth’s acceptance of Bitcoin and other cryptocurrencies is believed to be beneficial for financial services, according to McEachern. This can result in assisting people “underbanked in America.”</span>
<h2><strong>Future of Cryptocurrency in Portsmouth</strong></h2>
<span style="font-weight: 400">The people of Portsmouth have been gearing up for the day cryptocurrency is accepted in their city. The Governor of New Hampshire Chris Sununu has also created a commission to evaluate federal and state laws regarding cryptocurrencies.</span>

<span style="font-weight: 400">It is important to note that as cryptocurrencies are extremely volatile, Portsmouth has come to a decision that all the crypto bills would be immediately converted into USD.</span>

Residents of Portsmouth, New Hampshire Accept Bitcoin Payment

In the need to embrace digital assets, residents of Portsmouth, New Hampshire have accepted cryptocurrencies as payment mode via PayPal.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Residents of Portsmouth, New Hampshire Accept Bitcoin Payment

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