Bitcoin could soon be the currency of choice in Miami.
Florida commissioners are considering whether or not to give public officials the option to receive their salaries, or some of them, in Bitcoin and whether they should allow the public to use the cryptocurrency to pay for the city’s services, the Miami Herald reported.
Mayor Francis Suarez, who is trying to turn Miami into a technology hub, is ready to go all-in with Bitcoin, but commissioners voted late Thursday to study the use of virtual currency first and find a provider who could help with transactions before to move on. , said the outlet.
“It’s great to be a very ‘crypto-advanced’ city in Miami, and I want to thank my colleagues on the committee for allowing this to happen,” Suarez told the press.
After a long discussion and questions about Bitcoin, the commissioners agreed with 4-1 to stop before completing an analysis of the futuristic currency, considered to be a guard against the dollar.
Commissioner Joe Carollo is unconvinced – he voted no to the measure, media reported.
“I think the mayor did a fabulous job with that and his intentions come from the heart,” Carollo said.
“That being said, I can’t drink Kool-Aid on it.”
Miami will begin launching public awareness campaigns in English, Spanish and Creole to teach residents about cryptocurrencies, putting pressure on the state legislature to pass laws that allow the city to invest public dollars in highly volatile cryptocurrencies.
Bitcoin’s daily price changes continue to fall and reach the peaks of thousands. Late Friday, it hovered just under $ 48,000 per share, but the public can buy portions of a share.