Miami Mayor Will Accept Subsequent Paycheck in Bitcoin

Miami Mayor Will Accept Subsequent Paycheck in Bitcoin

The mayor will be paid in Bitcoin alongside other city workers who select to attain so.

Key Takeaways

  • Miami mayor Francis Suarez says that he’ll accept his next paycheck entirely in the obtain of Bitcoin.
  • Final month, Suarez launched a thought to enable the whole city’s municipal workers to accept crypto paychecks.
  • Suarez furthermore wants town to defend Bitcoin; he furthermore plans to enable residents to pay bills and taxes in Bitcoin.

Miami mayor Francis Suarez has dedicated to taking his next paycheck in Bitcoin along with other city workers.

Suarez Will Be Paid in Bitcoin

In a Twitter lisp nowadays, Suarez popular that he would earn his next paycheck in the obtain of Bitcoin.

I’m going to earn my next paycheck 100% in bitcoin…anguish solved! @Sarasti are you able to wait on?

— Mayor Francis Suarez (@FrancisSuarez) November 2, 2021

Suarez called on Chief Recordsdata Officer Mike Sarasti to wait on pickle up the associated rate. It’s unclear whether or no longer Sarasti himself will accept Bitcoin.

The resolution is half of a better opportunity available to all of Miami’s municipal workers. In October, Suarez launched a thought that will enable city workers to accept their paychecks in Bitcoin. At that time, he called allowing workers to accept Bitcoin “a significant precedence,” adding that he wants to “differentiate [Miami] as a crypto capital.”

The proposal might also furthermore enable residents of Miami to occupy the option of paying municipal charges and taxes by spending Bitcoin, if that thought is allowed by county regulators and authorities.

Suarez furthermore wants to stare town defend Bitcoin on its steadiness sheet, though here’s no longer currently allowed in Florida cities.

Miami Is a Crypto Hotspot

Suarez previously helped town start its hang cryptocurrency, MiamiCoin. The custom token became the first cryptocurrency to start out in partnership with the commence protocol CityCoins.

Outdoors of city authorities, Miami and Florida occupy turn into a crypto hotspot. Crypto trade FTX currently purchased naming rights to the venerable American Airways Area in Miami.

The NFL workers Miami Dolphins occupy furthermore worked with crypto by partnering with Litecoin and accepting crypto payments.

Disclaimer: On the time of writing this author held lower than $100 of Bitcoin, Ethereum, and altcoins.

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