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Jackson, Tennessee follows Miami's lead to Embrace Bitcoin operations

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Jackson, Tennessee follows Miami's lead to Embrace Bitcoin operations

Still another city in the United States is seeking to include Bitcoin obligations and mining activities to the city's balance sheet.

Jackson, Tennessee is the newest city in the United States moving to embrace Bitcoin (BTC) payments and mining, after recent crypto developments in Florida.

Jackson Mayor Scott Conger declared Wednesday that the city is actively exploring the choice to pay its workers from cryptocurrency in addition to mining Bitcoin and adding it on the town's balance sheet. The mayor theorized that the city is seeking to allow payrolls in several digital assets, mentioning coins like Bitcoin, Ether (ETH), and Litecoin (LTC).

"Local authorities will direct the way in #Bitcoin adoption, and combined with this, usher in a new industrial revolution with sustainable economies that can help close the prosperity gap," Mayor Conger said in a Thursday tweet.

The latest announcement comes shortly after Mayor Conger joined the crypto community's"laser eyes" flash mob, shifting his Twitter profile picture to add laser eyes earlier this week. The crypto laser eyes trend emerged in February, together with industry leaders and consumers changing their Twitter profile avatars to add laser eyes in support of Bitcoin's price surge.

The city commission has supported a resolution to explore Bitcoin as a suitable investment for municipal capital. A Miami-Dade County commissioner endorsed a comparable tax resolution in April.

"I'm just following your lead," the Jackson mayor said in reaction to Mayor Suarez's help of the most recent crypto move.

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lxbfYeaa 4 ay ago

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