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Despite a plunge in the recent crypto crash, Miami Mayor Francis Suarez said that he is still optimistic about crypto, who accepts Bitcoin payment for his salary since last November. (Read More)
Even though Bitcoin has dropped over 40% in the last two months, Miami Mayor Francis Suarez stated he still takes his city salary in the largest cryptocurrency, bitcoin. The Republican mayor, who has been working to market Miami as a cryptocurrency and tech hub, said he’s more concerned with the coin’s utility and that the […]
MiamiCoin, a cryptocurrency built for Miami, is down more than 90% since its launch in 2021, which has given rise to regulatory concerns, according to a Quartz report.
The post MiamiCoin raises regulatory concerns after value nosedives more than 90% appeared first on CryptoSlate.
The Bitcoin 2022 conference had a bullish opening with remarks from Bitcoin gear-laden Mayor Francis Suarez unveiling Miami’s answer to the Charging Bull of Wall Street.
The governor of Florida, Ron DeSantis, is adopting the use of Bitcoin in the state.
Continue reading Florida Announces Plan to Accept Bitcoin Payments for State Taxes at DailyCoin.com.
More innovations keep springing up to fascinate and intrigue digital investors with increased cryptocurrency adoption. In line with that, Milo, a fintech startup based in Miami, introduced the first global crypto mortgage. Through the bank’s offer, digital investors have the opportunity of buying real estate in the U.S. by using their cryptocurrencies. The offer from Milo, a digital bank, runs as 30-year mortgage loans. These are currently accessible to customers that could place collaterals with Bitcoin. This offer is open to both Americans and other investors to acquire real estate in the United States. Related Reading | Has Bitcoin Reached Its Bottom? Analyst Says It Still Has A Long Way To Go According to the official website of Milo, the bank advises that customers don’t have to qualify for the mortgage through the sale of their crypto holding for a down payment. Instead, using a crypto mortgage will help you leverage your assets to invest in real estate. Some customers have received loan grants from Milo as part of an early-access stage. Subsequently, the digital bank anticipates that its service will get to most applicants on its waiting list. In January 2021, the digital bank generated $6 million from investors. Including Metaprop, 10X Capital, and QED Investors in seed funding. Currently, the amount of BTC for footing a loan or the collateral to balance the volatile nature of the cryptocurrency is unknown. Unfortunately, Milo is yet to disclose this information. What Inspired The Cryptocurrency Mortgage? Milo’s CEO and founder, Josip Rupena, mentioned the origin of the vision for the crypto mortgage. He said that it came from the numerous experiences of customers who cashed out their Bitcoin token for buying property. However, they will later discover a rise in the value of BTC after their cash out. Furthermore, the digital bank already has millions of dollars generated from its other mortgage solution for international customers. This now has several applicants from more than 63 countries. Through this service, non-U.S.-based users can remotely close their housing loans. They do not need to move to the U.S. or any embassy. The Mayor of Miami, Francis Suarez, stated that the BTC mortgage stands as a milestone to enhance U.S. dominance with the Bitcoin ecosystem. Mayor Suarez said this on Monday during an introduction of Rupena at the North American Bitcoin Conference. Moreover, commended Milo for its innovative ideas, saying that it’s one of the companies needed to push Miami as the Capital. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC Before Milo, there has been a previous move towards a crypto mortgage. United Wholesale Mortgage, in August 2021, initiated an action for crypto mortgage repayments in its pilot program that was using both BTC and ETH. However, the company later abandoned its plans by October due to uncertainty in regulation. Featured image from Bitcoin Magazine, charts from TradingView.com
Miami Mayor, Francis Suarez has doubled down again on his love for Bitcoin, promising that he plans to take a part of his 401k retirement savings fund in the digital currency.
(Read More)
The mayor of Miami plans to give residents a Bitcoin dividend, but what exactly does this mean, and is there any real utility in this move?
Miami is working on a plan to pay its citizens “Bitcoin yield” from the city’s cryptocurrency known as MiamiCoin. (Read More)
Several big city mayors announced this week that they are taking their salary in bitcoin. What’s up with that? BREAKING NEWS: #Tampa Mayor @JaneCastor just announced she's accepting @FrancisSuarez challenge of taking her pay in #Bitcoin with the help of @NukeGold @CelsiusNetwork at the #FL Bitcoin & Blockchain Summit.@APompliano @CoinDesk @Cointelegraph @LedgerInsights — Gabe ? […]
The post Mayors Of America Unite To Take Salary In Bitcoin appeared first on CryptosRus.
Mayor Francis Suarez credited "manipulated central bank currency systems" as the main driver for his move.
Francis Suarez, an American attorney and politician serving as the 43rd Mayor of Miami, announced on Twitter that he will get his next salary in Bitcoin (BTC). (Read More)
A “boss move,” said the city’s CIO, that makes Mayor Suarez the first known U.S. politician to get 100% of a paycheck in BTC.
Miami will issue a request for proposal this month to help create the BTC payment mechanism.
During Thursday’s Bitmain’s Digital Mining Conference Miami Mayor Francis Suarez concluded his speech by calling for the election of a Bitcoin President after Joe Biden.
Miami Mayor Francis Suarez signed paperwork on June 14 signaling his intention to run for the United States presidency.
2024 is shaping up to be a pivotal year for Bitcoin and the U.S. That’s why it’s time for a generational change in leadership.
On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV broadcast. 2024 Presidential Candidate Francis Suarez Embraces Crypto Donations Francis Suarez, the current mayor of Miami, is well known for his stance toward [...]
The post Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign appeared first on Crypto Breaking News.
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