Miami Mayor Francis Suarez praised the citys governing commission for passing a resolution Thursday that will study the expediency of paying employees in bitcoin, as well as allowing citizens to pay charges and taxes in bitcoin.” TESLA WALKS TIGHTROPE WITH BITCOIN INVESTMENTThe City Commission voted 4-1 to pass the resolution, which would also encourage the Florida state legislature to pass laws to permit Miami to invest some of its treasury in bitcoin.” I do at this point think bitcoin is a great thing, and I am a supporter of bitcoin,” Tesla CEO Elon Musk said Jan. 31 on Clubhouse.
A Making Money with Charles Payne panel on buying the names of the future and bitcoin. Miami Mayor Francis Suarez applauded the citys governing commission for passing a resolution Thursday that will study the expediency of paying employees in bitcoin, along with permitting homeowners to pay fees and taxes in bitcoin.” I wish to thank the city of Miami commissioners for supporting my resolution, which directs the city manager, after analysis, to obtain a supplier to be able to offer our workers to get a percentage of their income in bitcoin, enables our locals to spend for costs in Bitcoin … [and permits] for taxes to be paid in bitcoin,” Suarez said in a video Thursday night.” Its fantastic to be a really crypto-forward city in the city of Miami, and I wish to thank my commission associates for permitting that to occur.” TESLA WALKS TIGHTROPE WITH BITCOIN INVESTMENTThe City Commission voted 4-1 to pass the resolution, which would also motivate the Florida state legislature to pass laws to enable Miami to invest some of its treasury in bitcoin.” The entire idea of Bitcoin is to equalize a currency,” Ken Russell, Vice Chairman of the Miami City Commission, said during the municipal government conference on Thursday. “It has ended up being a currency for the rich. I believe this is our chance to, in a smart way, to actually try to bring this to our locals and our staff members, however we need to do so thoroughly so they can make educated decisions.” Bitcoin, a decentralized cryptocurrency, hit an all-time high of $48,912 today, but it is still vulnerable to wild cost swings.CRYPTOCURRENCIES NOW PRICELESS WITH MASTERCARDDespite those swings, Miamis adoption of bitcoin is the most recent signal that it is going mainstream.Andrew Yang, who is running for Mayor of New York City, said Thursday that if elected, he would “buy making the city a hub for [bitcoin] and other cryptocurrencies.” BNY Mellon, the earliest bank in America, revealed Thursday that it will develop an “integrated service for digital assets” this year that will process bitcoin and other cryptocurrencies for clients.Stocks in this ArticleBKTHE BANK OF NEW YORK MELLON CORP.MAMASTERCARD INCORPORATEDMastercard said Wednesday it will support cryptocurrencies directly on its network, which will “produce a lot more possibilities for merchants and consumers, permitting them to transact in a totally brand-new type of payment. “CLICK HERE TO READ MORE ON FOX BUSINESSTesla revealed Monday that it invested $1.5 billion in bitcoin and would start accepting the cryptocurrency as payment.” I do at this moment think bitcoin is a great thing, and I am a fan of bitcoin,” Tesla CEO Elon Musk stated Jan. 31 on Clubhouse. “I think bitcoin is on the edge of getting broad acceptance by traditional financing people.”