Miami considers paying 3,500 staff in BITCOIN – but councilman warns not to ‘drink the Kool-Aid’  | Daily Mail Online

miami considers paying its 3,500 employees in bitcoin and allowing residents to pay taxes with cryptocurrency, but commissioner warns against “drinking the kool-aid”

• miami voted on Thursday to investigate the use of bitcoin and find a provider that could carry out its financial transactions with the cryptocurrency
• would allow the city ​​pay its 3,500 municipal workers in bitcoin
• would also consider allowing residents to pay taxes in bitcoin and use the cryptocurrency to pay for city services
• the resolution was introduced by mayor francis suarez, who is promoting miami as a technology hub
• city commissioner joe carollo, expressed concern and said ‘I can’t drink the kool-aid in this one’ since he voted against the resolution

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by frances mulraney for dailymail.com

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