Miami’s Mayor Leads The Charge To Bring Bitcoin To America’s Largest Cities

Miami’s mayor, Mayor Francis Suarez, has been busy adding a personalized touch in trying to bring tech entrepreneurs to Miami. Striving to combine the financial elements of New York City and the technology character of San Francisco into a South Florida finance and tech oasis, the mayor is bringing a different attitude and policy outlook on innovation. Among one of the many areas this vision affects is bitcoin — something he believes, in an interview with Forbes, will be the “biggest story of the next few years.”
The mayor admits he’s always been fascinated with the idea of bitcoin. Its mathematical nature appeals to him and he’s aware of the growing popularity of bitcoin among the American people. There are three tangible paths the city is taking to expand its bitcoin-friendly nature:
- Miami is considering giving city employees the opportunity to get their salaries paid in bitcoin
- Local fees and taxes could be paid in bitcoin or some other cryptocurrency
- Finally, the city’s treasury might place some of its investment capital into bitcoin, which would be a first for major cities in the United States (and perhaps in the world)
Continue reading at forbes.com