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HomeCrypto NewsMarketMiami Mayor Francis Suarez Plans To Receive Salary In Bitcoin

Miami Mayor Francis Suarez Plans To Receive Salary In Bitcoin

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Miami Mayor Francis Suarez announced plans to become the first politician in the United States to receive a salary entirely in Bitcoin.


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Suarez added that he would prefer to use Bitwage or Strike apps to convert salaries from fiat to the first cryptocurrency.

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Suarez has served as Mayor of Miami since 2017. In March 2021, he spoke about his desire to make the city a center for bitcoin mining.

Miami BTC plans also include the ability to pay city employees’ wages in Bitcoin.

Miami has introduced its own cryptocurrency Miami Coin (MIA) on August 3, which officials say will help the city generate revenue and expand its economy.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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