Miami Mayor Is Creating His Own Cryptocurrency Team: Report

The Miami Mayor is creating his own cryptocurrency team, revealing a few details on the city’s plans with major announcements coming next week so let’s find out more in today’s cryptocurrency news.

The Miami Mayor Is creating his own crypto team and he has been open to cryptocurrency while aiming to make the city the most competitive crypto city in the world. He spoke with Anthony Pompliano in the past and the Winklevoss brothers about it but now it seems he will start working on it.  The major, Francis Suarez said that he is building out a team to help develop his plans for getting more involved in crypto with even more announcements prepared for next week.

Retweet this if you would move to Miami if Mayor @FrancisSuarez put 1% of the city’s treasury reserves in Bitcoin.

— Pomp 🌪 (@APompliano) December 29, 2020

Speaking in an interview, he was asked whether he considered investing in ETH instead of BTC given the idea that he could create applications to collect taxes on the blockchain platform straight ahead:

 “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. We’d love to explore the platform, I’m building out my team, that’s starting on Monday, I’m going to be making some major announcements next week.”

The Mayor shared some thoughts on crypto and argued that money can be anything that the society considers to have value:

 “Anything can be money—anything can have value. What has value is what we, as a society, value.”

He also believes that the digital revolution of money is preparing and said that in many ways, we are already in a digital money market. He suggests that BTC is the right alternative that affords people a new sense of freedom as opposed to the fiat currencies that are connected to 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.”

Suarez was showing some serious interest in BTC over the past few weeks, suggesting the cryptocurrency will put some of Miami’s treasury reserves in BTC. Suarez discussed the future of the crypto industry with the Winklevoss twins and said that his mission to make Miami the most competitive crypto city on the planet is underway. Tyler Winklevoss said:

 “There’s a lot of people who live in Miami who might have family who live elsewhere in other countries—they pay tremendous fees just to move that money. Cryptocurrency is like sending money the same way you send an email.”