- Miami Mayor Francis X Suarez will launch ahe request for a proposal to allow the city to pay government employees in Bitcoin.
- Suarez is a Bitcoin supporter who has long lured Bitcoin miners to the city with clean and cheap nuclear power.
Miami Mayor Francis X Suarez, a Bitcoin supporter, revealed the plan to pay government employees in Bitcoin (BTC). Additionally, Suarez said the city of Miami is considering allowing residents to pay municipal taxes in Bitcoin. This is not the first time the mayor has spoken of making Miami a Bitcoin hub. Earlier this year, the politician mentioned plans to adopt Bitcoin to pay government employees and also accept taxes in cryptocurrency.
Miami mayor asks to pay government employees in Bitcoin
When Suarez initially mentioned the idea of Bitcoin, some said that the idea was not unrealistic because the mayor does not directly control treasury affairs in Miami. More recently, the Bitcoin fan stated that t Miami will issue a request for proposal to make the Bitcoin idea possible later this month. He added:
Suarez has a burning desire to inject Bitcoin into the city 's economy. Under his leadership, Miami presented a proposal to allow the city to invest in Bitcoin. However, Florida law limitations prohibit local governments from holding volatile assets like crypto. Speaking on the Bitcoin investment for Miami, Suarez said:
Suarez has taken a lot of action coupled with many statements that present it as a tauBitcoin network. Some time ago, the politician revealed his intention to make Miami the home of Bitcoin miners. He said the city is looking to embrace clean and cheap nuclear power. This happened when China kicked out several Bitcoin miners from the city. At the time, around 50 percent of the miners were located in China. In the midst of the shutdown, the miners had to look for alternative locations that supported their business.
Related : United States now orders Bitcoin mining hash as big mining incentives come into play
Suarez lures Bitcoin miners with clean, cheap nuclear power
As the crackdown continued, Suarezclarified that the purpose of promoting Miami 's unlimited supply of clean and cheap energy was to attract Bitcoin miners and other companies. At the time, Suarez was also in talks with the Florida Power and Light Company to further reduce the price of electricity, which averaged 10.6 cents per kilowatt-hour in Miami.
The mayor of Miami said a few months ago that he had invested in Bitcoin and Ethereum. Suarez said that at the time of the asset acquisition, BTC was at $ 40,000 while ETH was at $ 1,500. He was encouraged to buy BTC and ETH when the US government signed the latest round of stimulus bills. The politician eAlso considering purchasing more crypto assets.