Friday, May 20, 2022
About us | Contact
Blockzeit
  • bitcoinBitcoin(BTC)$30,321.003.75%
  • ethereumEthereum(ETH)$2,042.925.18%
  • binancecoinBNB(BNB)$308.823.60%
  • SolanaSolana(SOL)$53.157.79%
  • dogecoinDogecoin(DOGE)$0.0873633.61%
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
Blockzeit
No Result
View All Result
Home Bitcoin News
Get paid in bitcoin

Get paid in bitcoin

Miami Mayor Pushing Plans to Pay Workers with Bitcoin

Tom Nyarunda by Tom Nyarunda
October 13, 2021
in Bitcoin News
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

The Miami Mayor Francis Suarez said that it’s “a major priority” for the city to be able to pay employees in Bitcoin.

The mayor will issue a Request for Proposal later this month to create the payment mechanism that would allow residents to pay fees and taxes in Bitcoin. Mayor Francis X. Suarez has previously expressed his desire to make Miami a clean Bitcoin mining hub since Florida is already leading the charge in the growing popularity of Bitcoin mining in the State.

Miami Mayor Francis Suarez said it’s “a major priority” for the city to be able to pay employees in Bitcoin: “I want us to differentiate ourselves as a crypto capital of the United States or of the world.” https://t.co/L0eQOlWMni

— Bloomberg (@business) October 13, 2021

The mayor, a well-known Bitcoin enthusiast, has been working to make Miami a leading crypto hub in the United States since the beginning of the year. The idea that looked far-fetched because the treasury didn’t have direct control over the treasury could soon materialize. According to Bloomberg, Suarez now says he is advancing plans to pay government employees their salaries in Bitcoin besides allowing them to pay their taxes in BTC. Suarez explained: 

“I want us to differentiate ourselves as a crypto capital of the United States or of the world.” 

Florida statutes didn’t allow local governments to invest in Bitcoin

Suarez presented a broad proposal to city commissioners last February to allow the city to invest its funds in Bitcoin. However, the proposal didn’t see the light of day since existing Florida statutes didn’t allow local governments to hold such a volatile asset. Suarez deflected a question about whether he was lobbying Tallahassee for a change. He said:  

“If we would’ve been able to hold it from the moment that I put the resolution on our agenda, it’d be up by 30 or 40 percent so that I would’ve looked like a genius back then […], but that’s the way it works.”

States are racing to become crypto leaders

The announcement comes when the United States has become the largest market for Bitcoin mining following China’s ban on cryptocurrencies. Data from Cambridge University reveals the U.S. currently holds a 35.4% market share as miners flee China. Kazakhstan and Russia follow the United States, with market shares of 18.1% and 11%, respectively. 

Texas Governor Greg Abbot, a vocal supporter of cryptocurrencies, noted in June the Lone Star State had become the second U.S. state after Wyoming to recognize blockchain and cryptocurrency in its commercial law, paving the way for crypto businesses to operate in the state. Abbot tweeted:

It's happening!

Texas will be the crypto leader.

Cryptocurrency is now coming to Texas grocery stores.

H-E-B is putting cryptocurrency kiosks into some Texas grocery stores.#cryptocurrency @HEB https://t.co/e4CNsSbd0s via @chron

— Greg Abbott (@GregAbbott_TX) June 19, 2021

“It’s happening! Texas will be the crypto leader.”

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Tags: bitcoinMiami
Previous Post

Coinbase Unveils ‘NFT Marketplace’ with Social Features

Next Post

Morningstar Ventures Commits $15 Million USD To Invest In Projects Building On Elrond Network And Opens An Elrond Incubator in Dubai

Related Posts

Bitcoin Bearish

Bitcoin Bearish Sentiments Increase Fears of a Price Crash

by Vincent Munene
May 19, 2022
0

The Bitcoin chart has been bearish for a few months now. Investors everywhere are in panic mode as Bitcoin persists...

bitcoin 5001164 1920 1

Shanghai Court Declares Bitcoin “Virtual Asset” Protected By Chinese Law

by Jay Speakman
May 13, 2022
0

In a landmark ruling, the Shanghai High Court has declared that Bitcoin is a virtual asset with economic value protected...

Crypto India Tax

India is Considering Imposing a 28% Tax on All Crypto Transactions

by Vincent Munene
May 12, 2022
0

The tax authorities in India are looking to charge a 28% goods and services tax (GST) on crypto transactions. It...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Buy Crypto
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

No Result
View All Result
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.