In a Twitter video posted late last night, Miami Mayor Francis Suarez announced that city commissioners are supporting his resolution to make residents pay for urban fees or property taxes in bitcoin, enabling city workers to receive compensation in bitcoin and Miami offers the opportunity to invest in. bitcoin.
‘I would like to thank the principals of Miami for supporting my resolution, which instructs a city manager after analysis to acquire a contractor to offer our employees to get a percentage of their salary in bitcoin, so that we “residents can pay for fees in bitcoin and would also allow the city manager to work with Miami Accounting to get taxes paid in bitcoin,” the mayor said. “The city of Miami supports efforts to make bitcoin an acceptable currency to invest in in the future.”
First it was small investors, then institutional investors, and now big cities want to park their wealth within the security of bitcoin. Suarez’s actions, especially if it proves to be successful, could significantly reduce bitcoin for similar cities and make it look like a “legitimate” investment.
The mayor concluded the video by saying, “It’s great to be a very crypto-forward city in the city of Miami.”
The video has become semi-viral at the time of this writing, with over 1.4 million views, nearly 5,000 retweets and 13,400 likes. It will probably generate even more engagement as the weekend begins.
In an indication that this is going to be a growing trend, former presidential candidate Andrew Yang announced on Twitter that he would work to make New York City a hub for Bitcoin if he won a mayoral candidate there. U.S. Senator Cynthia Lummis of Wyoming commented on the message and apparently made a slap in the face of the city’s restrictive Bitlicense regulation.
Earlier this month, the Bitcoin 2021 conference announced it was moving to Miami after receiving support from Mayor Suarez for hosting the event.
