Bitcoin Friendly Mayor Francis Suarez of Miami Wants City Employees to have Option to Take their Salaries in Bitcoin
February 3, 2021 2:08 PM
Recent reports have indicated that Miami is pushing towards a crypto friendly environment and could be set to overtake the Silicon Valley as the most Bitcoin-friendly city in the U.S.
The Miami city employees could soon have the option to get paid in Bitcoin on request. According to reports from a recent interview with Forbes, Mayor Francis Suarez said:
" the tangible paths to expand BTC adoption in the city is to enable Miami city workers' salaries to be paid in Bitcoin."
The idea has received some positive backing from Important Crypto figures, Mayor Francis has been known to be positive about Bitcoin. Mayor Suarez told Forbes that due to the rise in crypto’s popularity among Miami citizens, he wants to do everything he can to make Miami a Bitcoin-friendly city.
Mayor Suarez is convinced that Bitcoin will be the “biggest story for the next few years.”
Late last year the mayor called Bitcoin a “stable investment” during an “incredibly unstable year.” Last week, he uploaded Bitcoin’s whitepaper onto the government’s website saying:
“The City of Miami believes in Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.”
These efforts are part of the Miami city’s push to be the next major tech hub in the U.S. with plans to grow innovation and tech growth in the next few years.
Should these actions take effect, Miami’s 450,000 citizens may be encouraged to start transacting in Bitcoin regularly, with the potential for this to spread to the rest of Florida’s 21.5 million residents. It would also make the city more attractive for blockchain-related tech companies and events.
Also, Major crypto conference Bitcoin 2021 announced earlier today it was moving from Los Angeles to Miami in June 2021.