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Miami mayor plans to accept first paycheck entirely in Bitcoin
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Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take the next paycheck in Bitcoin.
In a Nov. 2 Twitter post, Suarez said he aimed to be the first U.S. lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public records show the Miami mayor’s salary was $97,000 annually between 2016 and 2017, meaning he would receive a monthly paycheck of more than $8,000 or 0.13 BTC at a price of $63,404 assuming residents did not vote to increase his compensation for public service. Suarez said that rather than the local government making the effort to convert his fiat paycheck into crypto, he preferred to use an app like Bitwage or Strike.
I’m going to take my next paycheck 100% in
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