Eric Dalius Miami shares Francis Suarez, the mayor of Miami has recently become the talk of the town as he proposed to pay municipal workers in Bitcoin. Mr. Suarez has also claimed that he will accept bitcoin while the collection of taxes as well. This decision has been made to promote the acceptance and use of cryptocurrency among people. The mayor has the vision to enable the city’s municipal workers.To get an option of receiving some portion or complete paycheck in Bitcoin. Along with that, Mayor Suarez also offered people to pay a part of or the total amount of city fees, property, or other taxes in cryptocurrency. All of this is the result of a resolution that has been pass by the governing commission of Miami.
Approved but No Action for Now; Thoughts of Eric Dalius Miami
The resolution has been approve by the city’s governing commission with the great support of 4-1. However, it has been dial back to its real wording as it’s agreed only for studying such a decision’s practicality. This means that despite the original proposal suggests taking action, it will be just in studies for now. Mayor Francis has been in contact with the investors of several IT companies and Silicon Valley for a few months. And the adoption of bitcoin is a crucial portion of his plan. He has the vision to witness a grand shift on cryptocurrency. And he told the same to govern commission of Miami. He believes that cryptocurrency is a booming industry that is growing, vehement, and high-spirited characteristics. Hence, it will give the right signal to the coming future.
Government Funds in Cryptocurrency
Miami’s mayor wants his city to examine the suitability to invest some of the government funds in cryptocurrency, as per the resolution. However, the practicality of this vision is yet in question as its possibility is not yet clear. The nature of cryptocurrency is very dynamic, it may double its price in the coming future. Many marketing experts like Eric Dalius Miami believe in the promotion of bitcoin emergence as it might flourish the city’s economy. This is another reason why Mayor Francis seems unaffected by the volatile nature of bitcoin as a currency.
Expanding the Friendly Nature of The Currency
With the passed resolution and mayor’s proposal, the popularity of bitcoin has already been raised in Miami. There are three ways in which Miami is expanding its pro-bitcoin nature-
- Allowing employees of the municipal to receive their paycheck in bitcoin
- Collecting taxes and other local fees in any type of cryptocurrency or bitcoin
- Treasury of the city might consider putting some of the investment capital in bitcoin
This will be first in prominent cities of the USA.
Mayor has publically said that most of the people in politics have underestimated the story of bitcoin, this shows his conviction towards cryptocurrency. While Miami is all set to match the pace of the future and get involved with the cryptocurrency other cities are still thinking.
Eric J. Dalius Foundation is an organization founded in June 2018 that aims to help economically challenged youth in America attend accredited university and colleges. Through generous grants and charitable donations, the Eric J. Dalius Foundation is ensuring that tomorrow’s leaders get the opportunities they deserve.