Tampa Mayor To Receive Paycheck in BTC
Eyewitness reports by an attendee at the summit confirms that crypto lending platform Celsius Network will be in charge of facilitating the mayor’s BTC payments, as she challenges her Miami counterpart.
Recall that only a few days ago, the Mayor of Miami, Francis Suarez announced the exact same thing that he’ll be taking his next paycheck entirely in BTC.
Like wildfire, the news quickly filtered through the crypto community on Twitter, with Bitcoin evangelist Anthony Pompliano stating that no less than four U.S. mayors have begun accepting at least part of their paychecks in BTC.
Castor’s decision appears to have been motivated by Miami’s own Mayor, Francis Suarez, who recently became the first mayor to receice a 100% of his paycheck in Bitcoin. New York City Mayor Eric Adams also followed suit by announcing that he will accept his first three paychecks entirely in the cryptocurrency.
Both the newly elected Adams and Suarez have been quite vocal advocates of Bit coin and have been more than public about their intentions to turn their respective cities into crypto hubs. Few moments after his election, Adams announced that New York City will become the “center of the cryptocurrency industry and other fast-growing, innovative industries.”
Now, despite seeing some extreme volatility in price this year, Bitcoin since late October returned to record highs and continues to trade above $60,000. Its price appreciation has also been met with soaring popularity, high adoption and sky high mainstream acceptance even from regulators and financial institutions as well.