Miami mayor says that Bitcoin can be a global currency


Kristina Cornèr, Cointelegraph’s editor-in-chief, sat down with Miami Mayor Francis Suarez on the latest World Economic Forum held at Davos, Switzerland, to debate matters just like the function the mayor performed on the WEF, Bitcoin being a world foreign money and what the mayor does together with his BTC.

In accordance with Suarez, his function on the WEF is completely different from what he did at the Bitcoin Miami event. At Davos, the mayor famous that he performed an “evangelist function” the place he is educating folks about Bitcoin. He defined that he’s attempting to get folks to grasp that this know-how goes to impression “the lives of many.” 

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Aside from this, Suarez additionally mentioned the potential of Bitcoin as a world foreign money. The mayor highlighted that Bitcoin presents numerous alternatives to democratize and even “disrupt socialist regimes.” Moreover, he mentioned that Bitcoin “creates belief, which is what foreign money methods must be based mostly on.” 

Suarez, who received some of his paychecks in Bitcoin, informed Cornèr that he principally hodls his Bitcoin. He underscored that he believes within the know-how behind the crypto and thinks that he may give it to his youngsters sooner or later.

Associated: WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

The mayor of Miami additionally expressed settlement with the emotions of Mastercard CEO Michael Miebach that SWIFT may cease to exist in five years. Suarez famous that firms like Mastercard leaning into crypto are crucial for the trade. The mayor believes that Mastercard has an infrastructure that may assist the crypto world by way of processing energy.