WEST SPRINGFIELD — Mayor William Reichelt will chair an advert hoc Cryptocurrency Exploratory Committee that can look at the advantages and dangers of the rising cryptocurrency market.
The committee will assist decide alternatives for municipal funding, progress, and elevated types of fee choices for residents and staff.
“I look ahead to working with the opposite members of the committee to additional analysis the alternatives that could be accessible for West Springfield to make the most of this up and coming different to conventional foreign money,” Reichelt mentioned Tuesday. “I imagine that cryptocurrency presents a novel alternative to leverage accessible monetary alternatives, which have been extraordinarily restricted traditionally for municipalities.”
Notice to readers: if you buy one thing by means of considered one of our affiliate hyperlinks we might earn a fee.
