The mayor will be paid in Bitcoin alongside other city workers who choose to do so.
Key Takeaways
Miami mayor Francis Suarez says that he will accept his next paycheck entirely in the form of Bitcoin.
Last month, Suarez introduced a plan to allow all of the city’s municipal workers to accept crypto paychecks.
Suarez also wants the city to hold Bitcoin; he also plans to allow residents to pay bills and taxes in Bitcoin.
Share this article
Miami mayor Francis Suarez has committed to taking his next paycheck in Bitcoin along with other city workers.
Suarez Will Be Paid in Bitcoin
In a Twitter comment today, Suarez noted that he would take his next paycheck in the form of Bitcoin.
Suarez called on Chief Information Officer Mike Sarasti to help set up the payment. It is unclear whether Sarasti himself will accept Bitcoin.
The decision is part of a larger opportunity available to all of Miami’s municipal workers. In October, Suarez announced a plan that would allow city workers to accept their paychecks in Bitcoin. At that time, he called allowing workers to accept Bitcoin “a major priority,” adding that he wants to “differentiate [Miami] as a crypto capital.”
The proposal could also allow residents of Miami to have the option of paying municipal fees and taxes by spending Bitcoin, if that plan is allowed by county regulators and authorities.
Suarez additionally wants to see the city hold Bitcoin on its balance sheet, though this is not currently allowed in Florida cities.
Miami Is a Crypto Hotspot
Suarez previously helped the city launch its own cryptocurrency, MiamiCoin. The custom token was the first cryptocurrency to launch in partnership with the open protocol CityCoins.
Outside of city government, Miami and Florida have become a crypto hotspot. Crypto exchange FTX recently purchased naming rights to the former American Airlines Arena in Miami.
The NFL team Miami Dolphins have also worked with crypto by partnering with Litecoin and accepting crypto payments.
Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
