The crypto ecosystem in Miami is growing with the city's mayor, Francis Suarez, investing in Bitcoin, and with the luxury buildings Arte Surfside accepting cryptocurrencies as a means of payment.
On his Twitter account, Francis Suárez, the pro-crypto mayor of Miami, revealed that he has already made his first investment in Bitcoin (BTC), cryptocurrency leader of the markets currently. Suarez highlighted on his Twitter account an interview, where he talks about his decision to make the first investment in cryptocurrencies, with his personal funds choosing Bitcoin since Ethereum (ETH) initially.
The mayor of Miami said he made the decision to invest in digital assets after the US Senate approved the $1,9 trillion stimulus bill in early March of this year.
Suarez acknowledged that the approval of the stimulus project, and the printing and injection of such a large amount of money into the country's economy, would make many people "stop wanting to stay in currencies denominated in dollars." The devaluation of the fiduciary currency is something that analysts predict will intensify with the excessive monetary policies that governments around the world have taken. This has had a positive impact on Bitcoin and cryptocurrencies, which have become a long-term safe haven asset for hundreds of millions of people and dozens of companies and organizations.
Several of the most recognized personalities in the crypto world, such as Anthony Pompliano, are welcoming Suarez to the crypto world.
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Surfside Art and Crypto Payments
In addition to the good news from Suarez, Miami's crypto ecosystem is also celebrating the entry of the luxury apartment complex Art Surfside Luxury Residences to the crypto ecosystem.
Arte Surfside is the most luxurious and exclusive residential complex in Surfside, located in Miami-Dade County in the state of Florida. These luxurious apartments, which are listed for more than 10 million dollars and are aimed exclusively at millionaires and billionaires, can now be paid for using cryptocurrencies.
According to note shared, payments can be made using bitcoin or ether. To achieve this, Arte Surfside partnered with the cryptocurrency platform SolidBlock, who will be responsible for processing payments from potential buyers who want to use their digital assets.
In Miami, it is worth remembering that Francis Suarez is promoting a bill, not yet approved, that would allow him to invest a percentage of the city treasury in Bitcoin, in addition to paying his employees with the cryptocurrency and starting to mine BTC on an industrial scale. And he has even been in talks with important figures in the ecosystem, such as Elon Musk, CEO of Tesla and Jack Dorsey, CEO of Square and Twitter, to motivate them to settle in the city, and promote Miami as a crypto city.
Francis Suarez is confident in the potential of BTC as a store of value in the future, as the network blockchain largest and most powerful in the industry and in the world, and as the money of the future.
Inspiration for the rest
The recent revelations by Francis Suarez and Arte Surfside regarding Bitcoin are in line with other initiatives being developed to benefit this cryptocurrency.
The American insurance company metromile manifested which will soon invest $10 million in Bitcoin, while the New York-based commercial bank, Citibank revealed which is considering entering the world of bitcoin and cryptocurrencies due to the high demand for digital assets among its clients, investors and users.
Metromile also plans to accept bitcoins as a means of payment, so that its customers can pay for their products and services using dollars or cryptocurrencies. Mercado Libre is the latest company to reveal its entry into Bitcoin, as an investment asset and store of value.
Continue reading: Miami interested in Bitcoin mining, Suarez will turn the city into a mining center with clean energy
