The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayorâ€™s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury.
Miami Gets Deep Into Bitcoin
Miami Cityâ€™s commissioners voted Thursday night to support Mayor Francis Suarezâ€™s resolution that would make Miami a highly bitcoin-forward city.
In a video thanking the commissioners for their support, the pro-bitcoin mayor explained that the resolution â€œdirects the city manager, after analysis, to procure a vendor to be able to offer our employees to get a percentage of their salary in bitcoin, allow our residents to pay for fees in bitcoin, and also would allow the city manager to cooperate with the Miami county to allow for taxes to be paid in bitcoin.â€ He added:
â€œItâ€™s wonderful to be a very crypto forward city,â€ Mayor Suarez concluded, after thanking his â€œcommission colleaguesâ€ again â€œfor allowing that to happen.â€
â€œMiami City Hall could begin conducting some of its financial transactions in bitcoin,â€ the Miami Herald reported, adding that the city will launch education campaigns in English, Spanish, and Creole to inform people about cryptocurrency.
The crypto community praises Mayor Suarez for his bitcoin adoption efforts. One Twitter user wrote: â€œThis is insanely big for bitcoin.â€ Another commented: â€œOther city mayors should consider following Mr. Suarezâ€™s initiative of investing the city treasury in bitcoin.â€
Morgan Creek Digital partner Anthony Pompliano, who moved to Miami after convincing the mayor that he should put 1% of the cityâ€™s treasury reserves into bitcoin, tweeted:
What do you think about Miamiâ€™s bitcoin efforts? Let us know in the comments section below.
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