Jackson, Tennessee, is the youngest city in the United States to adopt Bitcoin (BTC) payments and mining following recent Florida crypto developments.
Jackson Mayor Scott Conger announced on Wednesday that the city is actively considering the possibility of paying its employees in cryptocurrency in addition to mining Bitcoin and adding it to the city’s balance sheet. The mayor hinted that the city wants to enable payroll in multiple digital assets, with coins like Bitcoin, Ether (ETH) and Litecoin (LTC) mentioned.
“The local government will lead the way in introducing #Bitcoin, ushering in a new industrial revolution with sustainable economies that will help fill the prosperity gap,” Mayor Conger said in a tweet on Thursday.
The latest announcement comes shortly after Mayor Conger joined the Crypto community’s “Laser Eyes” flash mob and changed his Twitter profile picture earlier this week to include Laser Eyes. The trend towards crypto laser eyes emerged in February. Industry leaders and users changed their Twitter profile avatars to include laser eyes in support of Bitcoin’s price surge.
The mayor’s move follows the steps of the Miami Mayor Francis Suarez, who supported an important initiative that enables Miami residents to pay taxes and receive salaries in Bitcoin. The city commission has already backed a decision to examine Bitcoin as an acceptable investment for municipal funds. A Miami-Dade County commissioner backed a similar tax ruling in April.
“I’m just following your example,” the Mayor of Jackson said in response to Mayor Suarez’s support for his latest move in crypto.
This is my type! https://t.co/Nk5tZ96tMA
– Mayor Francis Suarez (@FrancisSuarez) April 21, 2021