Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Crypto Channel
  2. Interesting New Use for Bitcoin Emerges
Crypto Channel
Share

Interesting New Use for Bitcoin Emerges

Tom LydonApr 01, 2022
2022-04-01

There was a time when naysayers derided bitcoin because the cryptocurrency couldn’t be used for basic functions such as grocery shopping.

That time is in the past, and little by little, the usage case for bitcoin is increasing with the help of some boring but useful endeavors. Over the long haul, that could be constructive for assets such as the Grayscale Bitcoin Trust (GBTC).

Consider this: The Phoenix suburb of Chandler is now allowing residents to pay utility bills in bitcoin. In fact, it doesn’t stop there. Chandler is allowing customers with connected PayPal accounts to pay their utility obligations in bitcoin, ether, or litecoin.

Invoice Cloud, the software provider that Chandler uses for utility bills, added a crypto payment option to its platform.

“They handle the conversion of the cryptocurrency payment, and send the City the value of the payment in dollars, thereby eliminating any market volatility risk for Chandler,” said Deputy City Manager and Chief Financial Officer Dawn Lang in a statement.

Chandler started offering the crypto payment platform in March and is believed to be one of the first municipalities in the Phoenix area to do so. Crypto critics eager to lob criticism at bitcoin and Chandler might want to think again. Chandler is home to more than a quarter of a million residents, and Phoenix is one of the fastest-growing metro areas in the U.S.

Those could be signs that as crypto adoption increases and the local population rises, Chandler could eventually become an interesting case study in bitcoin’s everyday, practical uses.

“It’s about customer service for our residents. Digital currency and blockchain is advancing quickly, and as the Community of Innovation, we feel it is important to be on the forefront of this technology and offer it to our residents as a payment method for utility payments and other fees,” said Chandler City Councilmember Mark Stewart in the statement.

Chandler hasn’t revealed how many residents are using bitcoin or other cryptocurrencies to pay their utility bills. Bitcoin, the largest digital currency by market value, is higher by more than 4% over the past week.

For more news, information, and strategy, visit the Crypto Channel.

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X