Miami will issue a request for proposal this month to help create the BTC payment mechanism.
- Miami Mayor Francis Suarez told Bloomberg that paying government employees in bitcoin is a “major priority” for the city.
- “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” Suarez said in an interview.
- A similar proposal was first pushed in February but has since stalled.
Miami’s top priority at the moment is enabling bitcoin as a payment option for government employee salaries and citizens’ taxes and fees, mayor Francis Suarez said in an interview with Bloomberg on October 12.
The city will issue a formal request for proposal this month, according to Suarez, to help actualize the mayor’s plan. Miami will need to create the payment rails to allow city residents to pay fees and taxes in bitcoin.
“I want us to differentiate ourselves as a crypto capital of the United States or of the world,” Suarez told Bloomberg’s Emily Chang.
In February, a similar resolution to integrate BTC into Miami’s operations received support from city commissioners. Suarez’s broader proposal sought to let citizens pay city fees or property taxes in bitcoin, allow city employees to receive compensation in bitcoin, and allow Miami to invest in bitcoin.
“If we would’ve been able to hold it from the moment that I put the resolution on our agenda, it’d be up by 30 or 40 percent, so I would’ve looked like a genius back then,” he said. “But that’s the way it works.”
Suarez has been facing bumps on the road, as Florida statutes don’t currently allow his city to hold BTC. But the mayor has been receiving support at the county level. In April, Danielle Cohen Higgins, District 8 County’s commissioner and representative on the Miami-Dade Board of County Commissioners, put forth a resolution to establish a task force to assess the feasibility of pursuing Suarez’s plans.
Source: Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks