Miami Mayor Francis Suarez has proposed an official resolution that would see Bitcoin (BTC) become an acceptable payment instrument in various parts of the city'southward administration.

Announcing the news on Twitter, the Mayor said that the metropolis commission has supported the resolution, and is now taking next steps:

"I wanna thank the city of Miami commissioners for supporting my resolution, which directs a city manager subsequently analysis to procure a vendor to be able to offer our employees to get a percentage of their salary in Bitcoin; allows our residents to pay for fees in Bitcoin."

The resolution would also put a proposition before the state legislature that, if successful, would run across Bitcoin as an acceptable investment for municipal funds.

Suarez said, "It's wonderful to be a very crypto-forrard metropolis, and I wanna thank my committee colleagues for allowing that to happen."

Although the commission approved the resolution 4-1, it significantly reworded its original call, according to a Feb. 11 report past Bloomberg. The commission but agreed to study the feasibility of these steps rather than taking activity, as the original proposal reportedly suggested.

Some city commissioners reportedly cautioned confronting moving into Bitcoin without a close written report of the risks. "Maybe you're alee of your time, peradventure you're correct, simply let'south analyze it," commissioner Manolo Reyes said. Ken Russell, vice-chairman of the city commission, reportedly claimed that he is "certainly non opposed" to the idea of Miami embracing Bitcoin. Withal, it's still important to ensure "we all know what nosotros're getting into," he said.

Suarez, who is up for re-election in 2021, has been steadily establishing himself as an advocate of new technologies similar crypto. The official previously announced his intention to brand Miami have "the near progressive crypto laws," and overtake Silicon Valley as the nearly Bitcoin-friendly place in the United States.