• Miami Mayor is the first politician to be paid entirely in Bitcoin

  • Francis Suarez, the Mayor of Miami, announced that he will receive his entire salary in Bitcoin, making him the first sitting politician to do so. Previously, NFL players and other athletes were seen accepting a portion or even their entire paycheck in Bitcoin, but no sitting politician has done so. However, given Suarez’s fondness for $BTC, this came as no surprise.

    Mayor Suarez has been a strong supporter of Bitcoin and has worked hard to make Miami the crypto capital of the United States. He is working on creating clean Bitcoin mining facilities as well as allowing government employees to be paid in $BTC. At one point, the Mayor proposed investing the city’s funds in Bitcoin, but that plan fell through because existing state laws prohibit investment in digital assets.

    Miami is also the first city to have its own native crypto token, Miami Coin, which is built on the Bitcoin blockchain and mines new coins every ten minutes. The funds generated by mining Miami coins would be used for the city’s benefit.

    Miami Is the First to Jump on the Crypto City Bandwagon

    As cryptocurrencies have gained popularity, politicians and local governments have begun experimenting with them in their existing financial systems in an effort to become the crypto city of the future.

    Several mayors in the United States have promised to make their city a crypto hub during their campaigns, but Miami appears to be years ahead at the moment. Florida, New York City, and a few other cities are attempting to replicate Miami’s crypto success. State governments may now gain more traction for the crypto city as central governments take note of the crypto progress.

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