Whereas touting efforts to make Miami probably the most tech-friendly cities in America on CNBC, Mayor Francis Suarez doubled down on pursuing using cryptocurrency.
“We’re going to permit our workers to be paid by crypto, we’re going to permit our residents to pay for his or her charges in crypto and we’re even going to review the potential of investing in crypto as an asset,” Suarez mentioned.
Suarez advised CNBC’s Jon Fortt yesterday there can be no threat to paying metropolis workers with the incessantly fluctuating cryptocurrency Bitcoin:
“It is going to be an instantaneous commerce so when the worker will get paid for instance and opts to receives a commission in bitcoin, they’ll immediately, the second that the pay goes to hit the financial institution wire, receives a commission in bitcoin in order that shall be an instantaneous transaction. So, there’ll by no means be a wild fluctuation of that sort.”
Suarez says a 3rd occasion will insure the forex to cowl any instant losses in worth.