Jackson, Tennessee, is considering using Bitcoin to pay property taxes and municipal workers' salaries to fight inflation.
Scott Conger, the city's mayor, announced last week that he had begun working on ways to accept cryptocurrency payments and set up a blockchain working group that would also study how to get city workers paid in bitcoin at the average cost in dollars.
Conger is on Twitter.Inflation is causing the dollar to depreciate, he said, saying that US inflation has risen 6.3 per cent in two years and 172.8 per cent in his lifetime, adding that "there is no rebound" and that Bitcoin is the only solution.
Jackson is a small city between Nashville and Memphis with a population of about 70,000.