The Mayor of Miami, Francis Suarez, declared today that he is working on creating a team that will help him develop plans to incorporate the crypto space in his city.
During an interview with Cryptex Finance, the Mayor was asked if he thought about investing not in Bitcoin but Ethereum since that would allow him to create applications for collecting taxes directly on the blockchain platform itself.
“We’d love to do that. What we’re looking at is two things. One is to accept crypto for payments, and there’s a process, right. We probably won’t hold Bitcoin or any cryptocurrencies. We’ll probably have a third party hold it and take the cryptocurrency—in the extent there is some volatility,” he declared.
The goal of the call between Cryptex Finance and Mayor Francis Suarez was to talk about the possibility of using ETH in order to promote the city’s crypto strategy.
The Mayor also made his thought on crypto known by saying that money can be anything that people considers to have a certain value.
He added that he thinks the digitalization of money has already started: “If you really think about it, in many ways we’re already in a digital money market,” Suarez said.
The Mayor believes that Bitcoin could be used as a replacement so that people can sense a certain level of freedom, in contrast with fiat currencies that are connected with government policies.
“Money and currency is being used to promote policies. We have a market crash, so we have to influence the behaviour of people through the money supply,” the Mayor concluded.
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Suarez has shown a growing interest in BTC lately, even going as far as to suggest that he may put some of the city’s treasury reserves in Bitcoin.
In late December 2020, crypto-influencer Anthony Pompliano tweeted, “Retweet this if you would move to Miami if Mayor @FrancisSuarez put 1% of the city’s treasury reserves in Bitcoin,” to which the Mayor replied that he is “Definitely open to exploring it.”
Suarez also declared earlier this month that he plans to make Miami the “most crypto competitive city on the planet.”