In this American city, officials are to be paid with Bitcoin in the future

In Miami in the US state of Florida, there is Mayor Francis Suarez, a city leader with a great affinity for Bitcoin. He now confided his ambitions to Forbes magazine.

The Mayor of Miami Francis Suarez gave an insight into his political ambitions in an interview with the US business magazine Forbes

These affect the technology sector and especially crypto currencies. After all, Suarez is convinced that Bitcoin will be the „greatest story in the next few years“.

There are three approaches that Francis Suarez is taking in Miami that testify to his high affinity for Bitcoin. The administration is considering letting city employees choose whether they want their salaries paid in Bitcoin. Citizens are also to be offered the option of paying local fees and taxes in Bitcoin or another cryptocurrency. Third, the city treasury plans to put some of its investment capital in Bitcoin, which would be a first for major cities in the United States (and possibly even worldwide).

However, Suarez did not tell Forbes a specific investment amount that Miami intends to invest . However, he announced that he is looking for a public-private partnership. This would have the advantage for the private partner that they would receive part of the reward for taking on the risk from the public side.

Miami wants to take Wyoming as an example

Suarez is well aware of this risk, as he openly admits. The city treasury of Miami does not hold any raw materials, but relies almost exclusively on cash. That basically only makes his investment intent all the more remarkable. It is therefore obvious that Suarez has been dealing with the Bitcoin ecosystem for a long time. He is no stranger to the scene: He has already appeared at Bitcoin events and would also like to bring the Bitcoin 2021 Conference to Miami.

Miami’s mayor also sees outside the box of his city and follows events in other US states. One of his goals is to bring Wyoming- style crypto laws to Florida. He has already turned to Wall Street veteran and crypto expert Caitlin Long. She was a member of the Wyoming Blockchain Task Force. Suarez also brought Florida Treasury Secretary Jimmy Patronis on board. Together they want to introduce a bill into the state legislature that brings Bitcoin regulations in the style of Wyoming to Florida. The Mayor of Miami is certainly not one of those who underestimate the potential of cryptocurrencies.