By FintechNews staff
-Miami Mayor Francis Suarez — who’s been courting tech entrepreneurs and cryptocurrency enthusiasts to move to the city — announced Tuesday that he’ll take his next paycheck entirely in bitcoin.
-A “boss move,” said the city’s CIO, that makes Mayor Suarez the first known U.S. politician to get 100% of a paycheck in BTC.
-The announcement comes after Suarez said last month that he’s working on a plan that would allow Miami to pay city workers in bitcoin.
-“When you think about the possibility of being able to run a government without the citizens having to pay taxes. That’s incredible,” Suarez told The Washington Post in September.
-“My experience receiving a portion of my pay last week went flawlessly,” hinting that he has already been receiving part of his own salary in BTC.
-Suarez’s move marks a first in U.S. politics.
-Interestingly, the region has already taken several visible steps to adopt Bitcoin. Back in February, Miami’s City Commission passed a resolution to allow municipal employees to receive their salaries in Bitcoin.