Cities could lead on Bitcoin adoption, says Tennessee mayor 23rd April 2021 Sarah Wray
Conger is following the lead of Miami Mayor Francis Suarez who has pledged to make Miami a crypto-innovation hub
Scott Conger, the Mayor of Jackson, Tennessee said the city is looking into giving its employees the option to be paid in cryptocurrency as well as mining Bitcoin.
He tweeted: “What does the future of cryptocurrency look like for the city of Jackson? We’re exploring payroll conversions for our employees. Even more exciting – we’re seriously exploring mining Bitcoin to add to our balance sheet.”
Conger is following the lead of Miami Mayor Francis Suarez who has pledged to turn Miami into a hub for crypto-innovation. Alongside seeking to draw Bitcoin companies to the area, Suarez has floated the idea of paying city employees and investing treasury in the cryptocurrency. City commissioners voted to study the proposals and cryptocurrency could also be explored at the cou
WBBJ TV
April 8, 2021
I’m taking pointers from @FrancisSuarez
In the coming weeks I will be forming a Block Chain Task Force to explore how to best position the @CityofJacksonTN for the future.#Crypto#cryptocurrency#Bitcoin
He tweeted the announcement Thursday morning, saying he would create a Block Chain Task Force to look into the idea.
Block chains are a way to digitally record transactions, in what proponents say is a more secure and efficient manner.
Theoretically, it could be used to do things like pay employees, taxes and more. They gained popularity thanks to the digital currency Bitcoin.
The mayor says that he wants to explore the idea, in part because it could bring tech jobs to Jackson.