Informed working Miami residents have the opportunity to choose to be paid salaries in Bitcoin (BTC) other than USD.
According to Mayor Francis Suarez, the effort aims to further expand the use of Bitcoin, making the city ‘Bitcoin friendly’ as the popularity of the crypto king is growing among Miami residents.
Gemini co-founder Tyler Winklevoss praised the mayor for leading the government and Bitcoin in the move. Meanwhile, Twitter CEO Jack Dorsey sees the decision as a wise decision through a tweet on Twitter today.
Other proposals include local fees and taxes paid in BTC as well as investing part of the city’s savings into Bitcoin, much like Microstrategy.
Suarez has also sought support from other counties and counties, including Caitlin Long in Wyoming and Florida Chief Financial Officer Jimmy Patronis to help change the city toward Bitcoin-friendly under Florida law.
If this effort is realized, Miami will be the first US state to successfully offer salaries in Bitcoin. As many as 450,000 Miami residents will be involved in a new era making periodic Bitcoin transactions expanding its use to 21.5 million Florida residents.
This effort will indirectly attract more technology companies and any event that is closely related to the blockchain.
In addition to Miami, software service provider Sequoia Holdings has begun offering its employees to channel part of their salaries to be invested in three crypto currency options; BTC, Bitcoin Cash (BCH) or Ether (ETH).
