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Mayor of Miami now also wants to retire in Bitcoin



With the help of the payment service provider Strike, Miami Mayor Suarez wants to receive part of his pension directly in Bitcoin.


Francis Suarez, the long-time mayor of the US metropolis of Miami, has announced that he now also wants part of his pension payments to be paid in Bitcoin ( BTC ) after he started drawing parts of his salary in BTC last month.


After Suarez was the first politician in the US to take the risk of accepting Bitcoin as a means of payment for his salary, he has now made the "personal choice" of accepting the market-leading crypto currency in part for his pension. In an interview with Real Vision , he explains :


“I think it [Bitcoin] is a good investment product that is worthwhile. I am convinced that it will increase in value in the long term. "

As Suarez emphasizes, the success of Bitcoin depends heavily on trust in the cryptocurrency, which is designed as an "open-source and unmanipulable system" by nature. Because he himself has this trust in BTC, with the help of the payment service provider Strike, he has now started to receive part of his salary in Bitcoin.


The citizens of his city can already pay administration fees in the form of Bitcoin. The next step is to enable the population to make pension payments in Bitcoin. A corresponding system is to be set up in the course of 2022.


Thank you Governor DeSantis for following Miami’s lead and welcoming crypto innovation and companies into Florida!


Now it’s your chance to take the lead as Governor and take your next paycheck in Bitcoin… @RonDeSantisFL you in? https://t.co/Zppp8DCiMe


— Mayor Francis Suarez (@FrancisSuarez) December 9, 2021

In order to accelerate his endeavors to further advance the acceptance of Bitcoin, Suarez offered on November 12th to distribute a Bitcoin dividend to the residents of Miami in the future.

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