Another city in the United States is seeking to include Bitcoin payments and mining activities to the city’s balance sheet.
Jackson, Tennessee is the latest city in america moving to adopt Bitcoin (BTC) payments and mining, after recent crypto developments in Florida.
Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees from cryptocurrency in addition to mining Bitcoin and incorporating it on the city’s balance sheet. The mayor theorized that the town is seeking to allow payrolls in many digital assets, mentioning coins like Bitcoin, Ether (ETH), and Litecoin (LTC).
“Local authorities will lead the way in #Bitcoin adoption, and along with it, usher in a new industrial revolution with sustainable economies which will help close the wealth gap,” Mayor Conger said at a Thursday tweet.
The latest announcement comes soon after Mayor Conger joined the crypto community’s”laser eyes” flash mob, changing his Twitter profile picture to add laser eyes earlier this week. The crypto laser eyes fad emerged in February, together with business leaders and users changing their Twitter profile avatars to include laser eyes in support of Bitcoin’s price surge.
The mayor’s move follows in the steps of Miami Mayor Francis Suarez, who endorsed a major initiative to allow Miami citizens to pay taxes and receive salaries in Bitcoin. The city commission has already supported a resolution to research Bitcoin as an acceptable investment for municipal funds. A Miami-Dade County commissioner backed a comparable tax settlement in April.
“I’m just following the lead,” that the Jackson mayor stated in response to Mayor Suarez’s help of the most recent crypto move.
