Miami Mayor Francis Suarez told Bloomberg that pay city employees in bitcoin are a “main precedence” for the city. “I want us to distinguish ourselves as a crypto capital of the US or of the world,” Suarez stated in an interview. An identical proposal was first pushed in February however has since stalled.
Miami’s top priority at the moment is enabling bitcoin as a payment option for presidency employee salaries and residents’ taxes and fees, mayor Francis Suarez stated in an interview with Bloomberg on October 12.
The town will subject a formal request for a proposal this month, according to Suarez, to help actualize the mayor’s plan. Miami might want to create the payment rails to allow city residents to pay fees and taxes in bitcoin.
“I would like us to distinguish ourselves as a crypto capital of the US or of the world,” Suarez told Emily Chang.
In February, the same decision to integrate BTC into Miami’s operations obtained help from city commissioners. Suarez’s broader proposal sought to let citizens pay city charges or property taxes in bitcoin, allow city employees to obtain compensation in bitcoin, and permit Miami to invest in bitcoin.
“If we would’ve been in a position to maintain it from the moment that I put the decision on our agenda, it’d be up by 30 or 40 %, so I would’ve seemed like a genius again then,” he stated. “However that’s the way it really works.”
Suarez has been facing bumps on the road, as Florida statutes don’t presently permit his city to carry BTC. But the mayor has been receiving help on the county level. In April, Danielle Cohen Higgins, District 8 County’s commissioner and consultant on the Miami-Dade Board of County Commissioners put forth a decision to ascertain a task drive to assess the feasibility of pursuing Suarez’s plans.