Bitcoin is gaining greater interest in the United States and impacts the leaders of Miami and New York, who are considering the use of this cryptocurrency to pay salaries and municipal taxes.
Francis Suárez, mayor of the city of Miami, United States, has been professing his interest in Bitcoin (BTC), publicly recognizing the great potential that this cryptocurrency, and stating that the would adopt as a store of value asset to transform up to 1% of the city's treasury reserves. Now, recently, Suarez published a resolution where he proposes using Bitcoin to pay the salaries of municipal employees, as well as its use in collecting taxes in the city.
The mayor of Miami expressed this proposal, which is still under evaluation, through a video that is now published on his official Twitter account, and where he once again highlights the need to invest part of the treasury of the city of Miami in this cryptocurrency. Suarez's statement occurs a few days after another of the world's largest companies, Tesla, revealed a multimillion-dollar investment in this cryptocurrency.
On the other hand, the candidate for mayor of New York, Andrew Yang, says that if elected as mayor, he will be in charge of turning New York City into a complete Bitcoin and cryptocurrency center, which encourages the use and investment in new digital assets to transform the city into a true financial and technological center of the world.
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Bitcoin, an asset for investment
Both Suarez and Yang defend the value and potential of Bitcoin, both as money and as a store of future value. In his post, Suarez stated that Bitcoin is a cryptocurrency that is becoming increasingly popular among society, and that it will become a stable asset for retail and institutional investment.
Mayor Suarez aspires to make Miami the first city in the United States to pay salaries in Bitcoin, to be the first city to collect taxes in Bitcoin, and to be the first city in the country to transform part of its municipal treasury into this cryptocurrency. For his part, Yang, who was also a presidential candidate, points out that he could implement regulations that would help smooth the tumultuous relationship that exists between New York City and Bitcoin. Many of the supporters of Yang's proposal advise that, if he becomes mayor of the city, he should take some measures to improve the restrictions imposed by the BitLicense for the development of the crypto industry and FinTech.
Miami Council supports Suarez proposal
In Miami, Suarez's proposal already has the support of the Miami Council, which is evaluating and analyzing the viability and feasibility of paying salaries in Bitcoin, in addition to investing the city's treasury in this cryptocurrency. The members of the council, as reported by the mayor in his presentation, are looking for a cryptocurrency service provider that will allow them to implement the proposals, if they are approved.
“I want to thank the Miami City Commissioners for supporting my resolution, which directs a city manager, after analysis, to find a provider to be able to offer our employees a percentage of their salary in Bitcoin.”
The objectives pursued by Suarez and Yang are to establish clearer, more favorable and friendly regulations for cryptocurrencies, which guarantee the healthy and responsible development of the industry, and which allow these cities to become technological and financial centers of global reference.
Bitcoin reaches several US banks
Two major commercial banks in the United States announced new services with Bitcoin, as a great option to expand their products, satisfy the needs of their clients and stay at the forefront of new developments.
El Bank of New York Mellon, known as BNY Mellon, announced the creation of a multi-asset digital platform, allowing the entity to provide an integrated service for cryptocurrencies and digital assets. The bank, which custody more than $41.000 billion, will eventually embrace Bitcoin financial services and create innovative technology solutions to drive the use and adoption of digital assets.
In turn, the Blue Ridge Bank announced the activation of bitcoin buying and selling services through its ATM network, in alliance with the service companies BluePoint ATM and LibertyX. To date, Blue Ridge Bank has 19 active Bitcoin ATMs.
In Argentina, a few days after implementing one of the bells largest Bitcoin in Latin America, a local media informs that the wholesaler Super Simple is breaking the pattern of being a traditional supermarket, to become an innovative one, which is receiving cryptocurrencies, such as bitcoins and ethers, as a means of payment for its products. All these actions show that Bitcoin is here to stay, and its level of adoption and acceptance is becoming more and more evident in society.
Continue reading: Say goodbye to old technologies, BNY Mellon adopts blockchain to create the first multi-asset platform
