Miami’s Treasury Department Using Bitcoin

[ConnerDalfino]

Miami has added Bitcoin to its balance sheet and is now giving its employees the option to be paid in Bitcoin.
This is the first step on the path to an $80 trillion Bitcoin market cap!

[crwth]

I was looking for the source of this in Google, is it because of the interview with the Mayor of Miami in a podcast? Or even older news? Like around in February?

[DdmrDdmr]

Not really my piece of cake, but let’s play "spot the differences" (there really are some) with regards to this posted 3 months ago:

Miami’s Treasury Department UsingBitcoin

Miami is putting Bitcoin on its balance sheet and offering its city workers the option to be paid in Bitcoin.
This is the beginning of the road to an $80 Trillion Bitcoin market cap!
 

https://www.reddit.com/r/Bitcoin/comments/mmhur9/miamis_treasury_department_using_bitcoin/

Archive: https://web.archive.org/web/20210408091437/https://bitcointalk.org/index.php?topic=5329213.0

The above cropped-up whilst trying to verify if the OP’s content was effectively taking place (as opposed to it being announced a something under consideration, which is the status I last read some time ago). I don't think its effective yet; at least not on a public source that I’ve managed to see.

Back to the side topic, clear intent right? (no "woopsie, I forgot the source" applies).

[Pmalek]

@crwth
Are you talking about the interview with the Mayor of Miami where he discusses the possibility of investing government funds in bitcoin? He also wants to make it possible to pay taxes and bills with bitcoin. I saw that interview back in January here.

However, that video doesn't mention anything about Miami citizens being paid in bitcoin. I doubt it's official anyways, they are just proposals.   

[btc78]

Miami has added Bitcoin to its balance sheet and is now giving its employees the option to be paid in Bitcoin.
This is the first step on the path to an $80 trillion Bitcoin market cap!

So this is for how many States in US that offers their Employee accepting Bitcoin for their salary?

I remember when i was New in crypto there are one or two states that do the same so i believe that these days they are many?

https://news.bitcoin.com/top-ten-surprising-us-states-for-cryptocurrency/

These comes top 10 states in US that has crypto is taking off but this article is from 2018 and these are the states

01. California
02. New York
03. New Jersey
04. Washington
05. Alaska
06. Nevada
07. Florida
08. Utah
09. New Jersey
10. Colorado

Looks like Miami is still not on the list that Year.

[thirdkiller]

Is this official information? Where can I find confirmation of this?

[kryptqnick]

It sounded like great news because it's very progressive to allow salaries and BTC and providing some documents to make it possible, but since the op didn't provide any link, and like others I couldn't find anything new on this topic, it's too early to talk about this stuff. The only stuff I see is info from February 2021 about the Mayor of Miami offering to explore an option of paying workers in Bitcoin. Firstly, that's old news now. Secondly, it's not about the Treasury Department, and it's not about using Bitcoin, but only about considering using it. So I think that given how there's a lack of new info about this, it probably didn't go any further.

[crwth]

Are you talking about the interview with the Mayor of Miami where he discusses the possibility of investing government funds in bitcoin? He also wants to make it possible to pay taxes and bills with bitcoin. I saw that interview back in January here.

I think this podcast is more updated.

https://unchainedpodcast.com/why-miami-mayor-francis-suarez-calls-crypto-the-wave-of-the-future/

Some of the tackled topics are seen in the website and the list is as follows

what Miami is doing to become the crypto capital of the world (1:40)
why he feels so strongly about bringing crypto to Miami (3:09)
the relationship between cryptocurrencies and government (4:08)
why he believes that, in the future, governments will transaction in crypto, not fiat currency (5:26)
his feelings about the FTX sponsorship proposal and how he convinced city officials to move past crypto’s tumultuous past (6:51)
whether city of Miami employees have expressed interest in being paid in bitcoin (10:06)
what needs to happen for Miami to be able to hold BTC in its treasury (11:25)
how Mayor Suarez balances his interest in Bitcoin against his interest in mitigating the effects of climate change on Miami (14:24)
Crypto News Recap (18:00)

However, that video doesn't mention anything about Miami citizens being paid in bitcoin. I doubt it's official anyways, they are just proposals.   

I don't have yet the time to listen to the podcast but seeing the topics makes me feel excited for Miami though.

[wiss19]

Miami has added Bitcoin to its balance sheet and is now giving its employees the option to be paid in Bitcoin.
This is the first step on the path to an $80 trillion Bitcoin market cap!

It is good to have such news of Miami allowing employees to accept their payment in bitcoin, as I have seen past news that they have plans of doing such a thing, but I don’t know how they solve all legal hassles to do so this quicker.

It’s quite a good plan, employees should be allowed to pick their payment method of choice. I work for a media company and the job is remote, we are allowed to make a choice of payment methods, which is either bank, PayPal, or bitcoin. And I have been making use of bitcoin for receiving payment starting since last year. And that’s the best decision for me, since it made things to be a lot more easy, and they also handle the fees for the transactions.