Jackson, Tennessee is the latest city in the United States to switch to bitcoin (BTC) payments and mining, following recent crypto events in Florida.
Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the possibility of paying its employees in cryptocurrencies, in addition to mining bitcoins and adding them to the city’s balance sheet. The mayor hinted that the city wanted to pay in various digital assets, citing coins such as bitcoin, ether (ETH) and litecoin (LTC).
Local governments will lead the way in adopting #Bitcoin, paving the way for a new industrial revolution with a sustainable economy that will help close the wealth gap, Mayor Conger said in a tweet Thursday.
The announcement comes shortly after Mayor Conger joined the laser-eyed crypto community’s flash mob by changing his Twitter profile picture to a laser eye earlier this week. The laser eye trend for crypto-currencies emerged in February when industry leaders and users changed their Twitter profile avatars to include laser eyes in support of the rapidly rising bitcoin price.
In doing so, the mayor is following in the footsteps of Miami Mayor Francis Suarez, who supported a major initiative to have Miami residents pay their taxes and get paid in bitcoins. The city commission previously supported the decision to explore bitcoin as an acceptable investment for city money. The Miami-Dade County commissioner upheld a similar tax order in April.
I’m just following your lead, Mayor Jackson said in response to Mayor Suarez’s support for the latest crypto movement.
He’s my boyfriend! https://t.co/Nk5tZ96tMA
– Mayor Francis Suarez (@FrancisSuarez) April 21, 2021
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