Bitcoin could soon be the currency of choice in Miami.
Florida City Commissioners are considering whether or not to give public officials the option to receive their salaries, or a share, in Bitcoin and whether they should allow the public to use the cryptocurrency to pay for the services of the city, the Miami Herald reported.
Mayor Francis Suarez, who is trying to turn Miami into a technology hub, is ready to all-in with Bitcoin, but commissioners voted Thursday afternoon to first study the use of virtual currency and find a provider who could help with transactions before moving on. , said the dam.
“It’s wonderful to be a very advanced city in the city of Miami and I want to thank my fellow commissioners for allowing this to happen,” Suarez told the network.
After a long discussion and questions about Bitcoin, the commissioners agreed on a 4-1 to suspend before finishing the analysis of the futuristic currency, which is believed to be a protection against a failed dollar.
Commissioner Joe Carollo is not convinced: he voted no for the measure, the media reported.
“I think the mayor has done a fabulous job with that, and his intentions come from the heart,” Carollo said.
“That said, I can’t drink the Kool-Aid in this one.”
Miami will begin launching public awareness campaigns in English, Spanish and Creole to teach residents about cryptocurrency as they pressure the state legislature to pass laws that allow the city to invest public dollars in highly volatile cryptocurrency.
Bitcoin day-to-day price fluctuations continue to go down and reach a maximum of thousands. At the end of Friday, it was around $ 48,000 per share, but the public can buy parts of it.