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

The metropolis of Miami will quickly begin giving bitcoin to its residents, its mayor Francis Suarez introduced on a CoinDesk TV interview Thursday morning. When requested if he envisioned bitcoin getting used as money, together with as a tax cost methodology, 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 mentioned. “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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