Start Earning Up to 16% Interest Automatically

Learn More

Miami Mayor Will Accept Next Paycheck in Bitcoin

The mayor will be paid in Bitcoin alongside other city workers who choose to do so.

Miami Mayor Will Accept Next Paycheck in Bitcoin
Francis Suarez, via MDC Padrón Campus on Flickr

Key Takeaways

  • Miami mayor Francis Suarez says that he will accept his next paycheck entirely in the form of Bitcoin.
  • Last month, Suarez introduced a plan to allow all of the city's municipal workers to accept crypto paychecks.
  • Suarez also wants the city to hold Bitcoin; he also plans to allow residents to pay bills and taxes in Bitcoin.

Share this article

Miami mayor Francis Suarez has committed to taking his next paycheck in Bitcoin along with other city workers.

Suarez Will Be Paid in Bitcoin

In a Twitter comment today, Suarez noted that he would take his next paycheck in the form of Bitcoin.

Suarez called on Chief Information Officer Mike Sarasti to help set up the payment. It is unclear whether Sarasti himself will accept Bitcoin.

The decision is part of a larger opportunity available to all of Miami’s municipal workers. In October, Suarez announced a plan that would allow city workers to accept their paychecks in Bitcoin. At that time, he called allowing workers to accept Bitcoin “a major priority,” adding that he wants to “differentiate [Miami] as a crypto capital.”

The proposal could also allow residents of Miami to have the option of paying municipal fees and taxes by spending Bitcoin, if that plan is allowed by county regulators and authorities.

Suarez additionally wants to see the city hold Bitcoin on its balance sheet, though this is not currently allowed in Florida cities.

Miami Is a Crypto Hotspot

Suarez previously helped the city launch its own cryptocurrency, MiamiCoin. The custom token was the first cryptocurrency to launch in partnership with the open protocol CityCoins.

Outside of city government, Miami and Florida have become a crypto hotspot. Crypto exchange FTX recently purchased naming rights to the former American Airlines Arena in Miami.

The NFL team Miami Dolphins have also worked with crypto by partnering with Litecoin and accepting crypto payments.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.

Share this article