Miami Mayor Suarez to Take Next Paycheck in Bitcoin

Francis Suarez, who is up for re-election Tuesday, seemed ready to use Strike’s dollar-to-bitcoin conversion service.

Nov 2, 2021 at 6:19 p.m. UTC
Updated Nov 3, 2021 at 4:35 p.m. UTC

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

Miami Mayor Francis Suarez pledged Tuesday to take his next paycheck entirely in bitcoin.

  • In a tweet, the pro-crypto mayor positioned himself as one of the only U.S. political leaders taking their salary in bitcoin.
  • The mayor of the city of Miami earns a salary of $187,500, according to the Miami Herald.
  • Suarez, who is up for re-election Tuesday, appeared ready to use fintech Strike’s dollar-to-bitcoin conversion service.
  • His innovation deputy, Mike Sarasti, tweeted that he’d sent the mayor a Strike sign-up link after successfully cashing some of his most recent paycheck in bitcoin through the service.

Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

Trending

1
CoinDesk - Unknown
ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product

Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.

Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.

CoinDesk - Unknown
2
CoinDesk - Unknown
GameStop Unveils Crypto and NFT Wallet, Shares Jump 3%

A beta version of the self-custodial Ethereum wallet is available to download now from GameStop's website.

A beta version of the self-custodial Ethereum wallet is available to download now from GameStop's website.

CoinDesk - Unknown
3
CoinDesk - Unknown
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report

The bank's pivot to digital assets comes alongside a global banking shift toward cryptocurrencies.

The bank's pivot to digital assets comes alongside a global banking shift toward cryptocurrencies.

CoinDesk - Unknown
4
CoinDesk - Unknown
BNP Paribas Joins JPM's Blockchain Network Onyx for Fixed Income Trading: Report

The French bank will use the Onyx network for short-term fixed income trading.

The French bank will use the Onyx network for short-term fixed income trading.

CoinDesk - Unknown