Miami to Give Bitcoin Yield to Its Citizens Says Mayor Francis Suarez


The city of Miami will soon start giving bitcoin to its citizens, its mayor Francis Suarez announced on a CoinDesk TV interview Thursday morning. When asked if he envisioned bitcoin being used as cash, including as a tax payment method, Suarez confidently confirmed such intentions.

“I do see very quickly a world where the Satoshi system is what is used to make payments; we need to make that leap,” the mayor said. “We need people to understand that bitcoin is increasing in value and yes, we want you holding bitcoin. But at the same time we need to increase the utility of Bitcoin which increases the value even more and also creates more functionality so people can be in a better currency, frankly.”

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