Miami Mayor Will Allow Employee salaries in Bitcoin

[Daltonik]

Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.

Miami’s mayor, Mayor Francis Suarez, has been busy adding a personalized touch in trying to bring tech entrepreneurs to Miami. Striving to combine the financial elements of New York City and the technology character of San Francisco into a South Florida finance and tech oasis, the mayor is bringing a different attitude and policy outlook on innovation. Among one of the many areas this vision affects is bitcoin — something he believes, in an interview with Forbes, will be the “biggest story of the next few years.”

Twitter and Square CEO Jack Dorsey called the idea smart.  Among other proposals, Suarez listed permission to pay local taxes and fees in cryptocurrency and a possible transfer of part of the city treasury to bitcoin.

In addition to efforts at the city level, the mayor is trying to promote crypto-friendly laws at the state level. To do this, he contacted the head of cryptocurrency bank Avanti, Caitlin Long, and spoke with the head of the Florida finance department, Jimmy Patronis, about introducing a bill to the state legislature that would establish the Wyoming stylerules for bitcoin.

"Miami and FrancisSuarez are leading the way for governments and Bitcoin," Gemini co-founder Tyler Winklevoss commented on an interview.

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[zanezane]

Gotta agree with Jack Dorsey, it is smart that they are going to these path where employees are getting the liberty to choose what to receive. Hopefully, these would expand to other cities in Florida or wishfully to other states, and hopefully this could be a big step for private companies to step up their game and try to cope with the times and give their employees the choice of having their salaries in bitcoin or in cash. My one problem with that is that with the volatility of bitcoin prices, wouldn't that mean that the city could have give underpaid or overpaid salaries to their employees which could be a grounds for lawsuit for both sides.

[avikz]

I wonder why not all leaders are like him!! Miami is lucky enough to have a mayor like Francis who seriously wants to welcome bitcoin like any other currency of the world. Only such leaders can bring positive changes among their citizens and can take steps towards achieving financial freedom!

Unfortunately, I live in a country where the leader is planning to impose a blanket ban on bitcoin citing the risk it bestows. We really need more people like Francis around the world for a better functioning society!

[ChiBitCTy]

This is pretty incredible and makes me kind of wish that I still lived in Miami.  My stay there was quite brief, however I miss it for this reason and the fact that I spent an hour shoveling snow away from my car just yesterday so I could just get in it. 

I do wonder how this could play out scam wise.  Miami is a scammer haven.  I'm not sure there's a city in the US that's more heavily involved with scams/fraud etc. 

[Leviathan.007]

This is a great huge step forward for the governments to accept with bitcoin and deal with it. A few years ago, all these political men were saying bitcoin is scam and used only for bad purpose such as trading guns and drugs and now they are kinda forced to accept it. I believe, soon more organizations will use bitcoin or the other cryoto currencies as salary and people will definitely be more happy.
Because bitcoin is an asset and they can save bitcoin on their wallet and they won't be worry about inflection rates and they other stuff becayse they are not holding fiat. 

[dothebeats]

If companies don't want to start the initiative to try this, then the Mayor of the town would do it for them. This sets a precedent on Miami about bitcoin's possibility being a payment method for salaries. Most companies won't dare try to mess with it because of regulations and complications in taxes and whatnot, but thankfully the Mayor sorts these things out and spearheads the initiative for the companies and the employers to try something out.

It really is smart, as Jack Dorsey might have pointed out, and I do hope that other towns or just the state in general adopts this idea.

[Poker Player]

I agree with my colleagues that the news is positive. It would remain to be known if the municipality will pay them directly in Bitcoin or will do it with some fiat to bitcoin conversion. I suspect it will be the latter, at least temporarily, although they also want to collect fees in Bitcoin.

In any case this is going to help a lot mass adoption.

[enhu]

The mayor has big plans for the city. Once he succeeds through this campaign of his, they may really be able to make it like the big cities and establish big tech companies around them and influence other cities to do the same.  He seems to know a lot about bitcoin and its technology that he said he is also keeping an eye out on the bitcoin ecosystem.

[Cling18]

They leader is too smart to take that step. It will be beneficial for their employees. I hope that more leaders would accept and have Bitcoin as a mode of salary payment. It will be a big help since we all need cashless transactions during this pandemic. Employees would have a freedom to choose whether to hold their payment or use it for their necessities. If leaders would have this kind of mindset, more people would see the advantage of cashless transactions these days.

[mu_enrico]

Is this one of the FAKE NEWS? I'm skeptical about the government giving paychecks in BTC instead of their official USD.
Supposed this news is true, and he manages to get it done, the concept of legal tender is now vague.

But I think this is related to private companies, and they are free to pay their employees in BTC if it is allowed by the State's Law.

[Silberman]

I wonder why not all leaders are like him!! Miami is lucky enough to have a mayor like Francis who seriously wants to welcome bitcoin like any other currency of the world. Only such leaders can bring positive changes among their citizens and can take steps towards achieving financial freedom!

Unfortunately, I live in a country where the leader is planning to impose a blanket ban on bitcoin citing the risk it bestows. We really need more people like Francis around the world for a better functioning society!

Well things have to start somewhere, but I also receive these news with a huge grin, many politicians are taking a prohibitionist stance against bitcoin but if they begin to see that the few places in which bitcoin is made legal a lot of prosperity comes to those places then they will begin to see that maybe the stance they are taking is not as positive as they thought, this is going to take time but we will get there, I think that at first we will see a lot of regulation coming to the market as governments want to hinder cryptocurrencies, but once they see that is useless too we will see more friendly regulations all over the world.

[Freeesta]

Great news! I think this is done in order for bitcoin to enter the market. It can become as popular a currency as fiat money

[tomahawk9]

What's with the clickbait title? you work for this mayor or what? 
"Miami Mayor WILL"?? faaar from it

also, the Forbes article mentions this mayor wants to give the citizens the chance to pay taxes with btc? who'd want to do that? pay that sh*t with the ponzi scheme called USD and hodl your coins 

oh, and this:

Finally, the city’s treasury might place some of its investment capital into bitcoin, which would be a first for major cities in the United States (and perhaps in the world)

all in all, this news is your typical 101 Political campaign and how to attract votes, expect more of these news throughout the year from mayors whose term ends this year

[Karartma1]

Let's move to Miami then!   I was so happy when I received 20% of my salary in BTC back in 2017. I shouldn't have changed my previous employer (who I introduced to Bitcoin back then).  I felt like a pioneer during those very early days.
Times are really changing if a city council starts considering bitcoin to pay people's wages. When need more key institutional people doing the same to bring bitcoin to the masses.

[Lanatsa]

Is this one of the FAKE NEWS? I'm skeptical about the government giving paychecks in BTC instead of their official USD.
Supposed this news is true, and he manages to get it done, the concept of legal tender is now vague.

But I think this is related to private companies, and they are free to pay their employees in BTC if it is allowed by the State's Law.

If a certain country isn't really that too negative nor strict towards cryptocurrency then they would most like approved out these kind of system on where
neither those private companies will really be switching into those crypto payments.

Same here, I do really have that doubt on this topic on seeing that the governing bodies itself did really tend to accept nor decide to pay up salaries through bitcoin.

This system did really pass out on lots of argumentations for sure but in the end they do succeed out on pushing it through.This should really be
an eye opener into other states as well.

[Febo]

I wonder why not all leaders are like him!! Miami is lucky enough to have a mayor like Francis who seriously wants to welcome bitcoin like any other currency of the world. Only such leaders can bring positive changes among their citizens and can take steps towards achieving financial freedom!

Unfortunately, I live in a country where the leader is planning to impose a blanket ban on bitcoin citing the risk it bestows. We really need more people like Francis around the world for a better functioning society!

He is just a mayor. Maybe Florida Governor plans  to impose a blanket ban on bitcoin and USA president  to impose a blanket ban on bitcoin. If that is the case all plans of this mayor will fail.  In next decades there will be clash of opinions and plans.

[suzanne5223]

I wonder why not all leaders are like him!! Miami is lucky enough to have a mayor like Francis who seriously wants to welcome bitcoin like any other currency of the world. Only such leaders can bring positive changes among their citizens and can take steps towards achieving financial freedom!

Unfortunately, I live in a country where the leader is planning to impose a blanket ban on bitcoin citing the risk it bestows. We really need more people like Francis around the world for a better functioning society!

He is just a mayor. Maybe Florida Governor plans  to impose a blanket ban on bitcoin and USA president  to impose a blanket ban on bitcoin. If that is the case all plans of this mayor will fail.  In next decades there will be clash of opinions and plans.

You make a good point but the Florida government seems to be crypto-friendly ever since the year 2018 they study how blockchain and cryptocurrency works. Besides, you will see that a lot of block summit was held in Florida before the total lockdown and before the Mayor could make a public statement about paying salary in crypto there must be some in-door conversation going on it. However, it will be good news if the part of the city treasury swap into Bitcoin.

[sunsilk]

Jack and Tyler were to be bitcoin investors and supporters so any city that shall do this, they'll praise it and say smart idea. And the same as us, we like each time we hear news such as this because it's embracing bitcoin which we've been waiting for a long time.

I've heard of the taxation paid in bitcoin before and paying salaries in bitcoin is another good initiative for them. But it shouldn't be a forced payment in bitcoin and would just be an option and the employees still has freedom to choose it.

If I'm one of the employees, I'll take 50:50. 50% of my salary shall be paid in bitcoin which is already a good deal or 70:30. 30% in btc.

[wheelz1200]

Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.

Miami’s mayor, Mayor Francis Suarez, has been busy adding a personalized touch in trying to bring tech entrepreneurs to Miami. Striving to combine the financial elements of New York City and the technology character of San Francisco into a South Florida finance and tech oasis, the mayor is bringing a different attitude and policy outlook on innovation. Among one of the many areas this vision affects is bitcoin — something he believes, in an interview with Forbes, will be the “biggest story of the next few years.”

Twitter and Square CEO Jack Dorsey called the idea smart.  Among other proposals, Suarez listed permission to pay local taxes and fees in cryptocurrency and a possible transfer of part of the city treasury to bitcoin.

In addition to efforts at the city level, the mayor is trying to promote crypto-friendly laws at the state level. To do this, he contacted the head of cryptocurrency bank Avanti, Caitlin Long, and spoke with the head of the Florida finance department, Jimmy Patronis, about introducing a bill to the state legislature that would establish the Wyoming stylerules for bitcoin.

"Miami and FrancisSuarez are leading the way for governments and Bitcoin," Gemini co-founder Tyler Winklevoss commented on an interview.

That would be amazing.  The fact that this is even a topic of discussion is ground breaking.  It starts at the local level, next is state then federal.  The slow growth of crypto adoption has taken great strides this year.  Hope that comes to fruition and people actually choose to do so.

[pinggoki]

The mayor of Miami was really open-minded about anything that may help their city for a more convenient process. Good to know that some of the leaders are having a good time knowing the bitcoin and other cryptocurrencies, hoping that many leaders will be like Miami's mayor in which he is open-minded about bitcoin and some leaders may also allow their employees to get their monthly salaries in bitcoin type. The adaptation of the mayor to the cryptocurrency is a good way to advertise the cryptocurrency and due to this cashless transaction, it may also help us to lessen the spreading of the virus because of this cashless transaction that may be brought by using bitcoin.