Mayor of Miami will make the city a cryptocurrency hub

Francis Suarez plans to create a US cryptocurrency hub from Miami. In addition, he plans to invest partcity ​​reserve in bitcoin.

In a recent meeting with Cameron and Tyler Winklevoss, Suarez said he wants to integrate cryptocurrency payments into the city's digital system.

Suarez said that cryptocurrency has the potential to change the lives of Miami residents. He aims to make his city "the most competitive city on the planet in terms of cryptocurrency." 

The mayor said that Miami has always been a financial center with large capital and a developed banking system.

We must integrate cryptocurrencies. I think we are a little behind New York in this area, but we can quickly catch up with them.

According to the brothers, first of all, Suarez should ensure the regulation of the cryptocurrency. As Tyler explained, they chose New York precisely because it had a well-established regulatory framework.

As part of his push to incorporate cryptocurrency into Miami's financial system, the mayor intends to allow government services to be paid for with Bitcoin. 

Suarez said he wants to allow residents to pay property taxes, permit fees and other services using BTC.

In recent weeks, Suarez has met with a number of crypto entrepreneurs looking for solutions that Miami residents can use to capitalize on the potential of cryptocurrency.

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