Tampa mayor to simply accept pay in Bitcoin — Report


Jane Castor, the mayor of Tampa Bay, Florida, has introduced that she’s going to start accepting her paycheck in Bitcoin (BTC), consistent with more than one resources who attended Florida’s Bitcoin & Blockchain Summit.

Castor made the announcement Friday morning on day two of the Summit, which is being held at Amalie Arena in downtown Tampa. According to those who attended the development,  Crypto lending platform Celsius Network will facilitate the mayor’s BTC bills.

BREAKING NEWS: #Tampa Mayor @JaneCastor simply introduced she’s accepting @FrancisSuarez problem of taking her pay in #Bitcoin with the assistance of @NukeGold @CelsiusNetwork on the #FL Bitcoin & Blockchain Summit.@APompliano @CoinDesk @Cointelegraph @LedgerInpoints of interest

— Gabe ₿ Higgins (@GabeBHiggins) November 5, 2021

The information temporarily unfold throughout Crypto Twitter, with Bitcoin evangelist Anthony Pompliano noting {that a} overall of 4 U.S. mayors have begun accepting no less than a portion in their paychecks in BTC.

Another mayor has made up our minds to take their wage in Bitcoin.

The operating depend is now 4 mayors around the United States this week.

Tag your mayor and ask them if they’re Bitcoin-friendly 🙂 https://t.co/pXzyd661NM

— Pomp (@APompliano) November 5, 2021

Castor’s resolution seems to were influenced by way of Miami’s Francis Suarez, who not too long ago turned into the primary mayor to simply accept a portion of his wage in Bitcoin. Newly-elected New York City Mayor Eric Adams temporarily adopted swimsuit by way of saying that he’ll settle for his first 3 paychecks solely within the cryptocurrency.

Suarez and the newly-elected Adams were vocal about turning their respective towns into Crypto hubs. Following his election, Adams declared that New York City will transform the “middle of the cryptocurrency business.”

In New York we all the time move giant, so I’m going to take my first THREE paychecks in Bitcoin once I transform mayor. NYC goes to be the middle of the cryptocurrency business and different fast-growing, leading edge industries! Just wait!

— Eric Adams (@ericadamsfornyc) November 4, 2021

Related: NFL quarterback Aaron Rodgers will settle for a part of $22M wage in Bitcoin

Despite experiencing a number of bouts of utmost value volatility this yr, Bitcoin returned to report highs in overdue October and continues to business above $60,000. Its value appreciation has been accompanied by way of increasing mainstream acceptance from regulators and monetary establishments, in addition to traders and fee processors.

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