Miami approved the payment of services and the collection of salaries in Bitcoin

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Miami Mayor Francis Suárez speaks at a press conference offered at the mayor's office in Miami, Florida (EFE / Giorgio Viera / File)
Mayor of Miami, Francis Suárez, speaks at a press conference presented at the mayor’s office in Miami, Florida (EFE / Giorgio Viera / File)

Some call it the new Silicon Valley. The mayor of the city of Miami insists this is not the case.

“This is neither the new California nor the new New York. Miami is and will remain Miami. But The Miami we create today welcomes financial and technology companies tired of being unappreciated in other states and drowning in taxesOur goal is to create well-paying jobs so that our children and grandchildren don’t have to leave Miami in search of good jobs, ”he said. Infobae Francis Suarez, the city’s mayor who has led a national campaign to bring new businesses to South Florida.

While Suarez has been talking about the need to encourage tech companies to settle in Miami for over a decade, the amazing moment Miami is experiencing began two months ago with a post on the social network Twitter, in which a user said “Let’s make Miami the new Silicon Valley,” and Mayor Suarez replied, “How can I help?”The answer went viral.

A representation of Bitcoin's virtual currency can be seen in front of a stock chart in this illustration taken January 8, 2021 (REUTERS / Dado Ruvic / File Photo)
A representation of Bitcoin’s virtual currency can be seen for a stock chart in this illustration taken on January 8, 2021 (REUTERS / Dado Ruvic / File Photo)

Today, more than 25 companies in the technology and finance industries have moved their operations centers to Miami, creating thousands of jobs. And the trend continues. SoftBank is investing $ 100 million to support companies in the technology sector who want to open their office in the city.

In the midst of this city’s financial and economic revolution, Mayor Suarez pledged to make the city a 21st century municipality and pledged to include Bitcoin as part of the city’s financial transactionsYesterday, the committee voted 4 to 1 for Mayor Suarez’s project.

“It was without a doubt a vote in the right direction. Cryptocurrencies are part of today’s reality, and as a municipality we cannot be left behind “Suarez added.

Francis Suarez, Mayor of Miami
Francis Suarez, Mayor of Miami

As a first step the municipality is looking for a provider to help them with transactionsOnce that contract is approved, municipal employees can choose to collect a portion of their salary in cryptocurrency, something that has not happened in any other city so far. Residents also have the option to pay for utilities in Bitcoins.

The committee also approved that there is an education campaign for its residents about cryptocurrenciesso they can make informed decisions. This campaign is conducted in English, Spanish and Creole so that no one is left out. The other decision was to ask the Florida state government to pass a law allowing municipalities to invest in cryptocurrencies.

The price of a single bitcoin is around $ 47,000 today, although it is possible to buy fractions of bitcoinIn the past year, this cryptocurrency had a profit of $ 10,000, although its value fluctuates daily.

Miami isn’t alone in the trend to move to bitcoin. On February 8, the Tesla company – of the world’s largest billionaire, Elon Musk – announced that they had bought $ 1.5 billion in bitcoins. Magnate Michael Novogratz, former president of Goldman Sachs in Latin America, recently assured that believes that bitcoin will be worth $ 100,000 by the end of the year

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