Miami residents will be able to receive salaries and pay fees, taxes in Bitcoin

The workers of Miami City will be able to receive either a portion of their salaries or their whole paycheck in Bitcoin, Mayor Francis Suarez said in a video message on Twitter.

Moreover, the second-largest city of Florida residents can pay fees and taxes in Bitcoin. “Miami could also put its treasury reserves into Bitcoin in the future”, Suarez said in the video. “It’s wonderful to be a very crypto-forward city in the city of Miami and I want to thank my commission colleagues for allowing that to happen.”

Suarez has been courting Silicon Valley investors and technology companies for months, and adopting Bitcoin is a critical part of that plan. “I think we’re on the cusp of seeing a major titanic shift on this,” Suarez told the city commission. “It’s an industry that’s boisterous, vociferous and growing, and this would send the right signal.”

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