Soon, Bitcoin may be the preferred currency in Miami.
Commissioners in the city of Florida are considering whether or not to give public officials the option of receiving their salaries, or a portion of them, in Bitcoin and whether they should allow the public to use cryptocurrency to pay for city services, reported the Miami Herald. .
Mayor Francis Suarez, who is trying to turn Miami into a technology center, is ready to go all-in with Bitcoin, but commissioners voted on Thursday to first study the use of virtual currency and find a supplier who can help on transactions before proceeding, said the take.
“It is wonderful to be a very ‘crypto-advanced’ city in the city of Miami, and I want to thank my colleagues on the committee for allowing this to happen,” Suarez told the vehicle.
After a long discussion and questions about Bitcoin, commissioners agreed 4-1 to postpone before an analysis of the futuristic currency, considered a protection against a falling dollar, is completed.
Commissioner Joe Carollo is not convinced – he voted no on the measure, the vehicle said.
“I think the mayor did a fabulous job with that and his intentions come from the heart,” said Carollo.
“That said, I can’t drink Kool-Aid with this one.”
Miami will start launching public awareness campaigns in English, Spanish and Creole to teach residents about cryptocurrency, while lobbying the state legislature to pass laws that will allow the city to invest public dollars in the highly volatile cryptocurrency.
Daily fluctuations in Bitcoin prices continue to fall and peak in the thousands. At the end of Friday, it was just under $ 48,000 per share, but the public can buy parts of a share.