Careers

Tampa Mayor To Start Receiving Paychecks In Bitcoin

By Mayowa Adebajo
Published November 6, 2021 Updated November 6, 2021
Best Buy In

DeFi Platform

Exchanges

Wallet

According to an eyewitness report, Tampa Mayor, Jane Castor has announced that she is ready to start accepting her paycheck in Bitcoin (BTC).

Tampa Mayor To Start Receiving Paychecks In Bitcoin

By Mayowa Adebajo
Published November 6, 2021 Updated November 6, 2021

According to an eyewitness report, Tampa Mayor, Jane Castor has announced that she is ready to start accepting her paycheck in Bitcoin (BTC). The sources reveal that she made the announcement at the ongoing Florida’s Bitcoin & Blockchain Summit which is holding at the Amalie Arena, somewhere in downtown Tampa.

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.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

Loading Next Story