On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The City Commission of Miami is now looking into the feasibility of allowing Miami residents to pay taxes and receive salaries in Bitcoin.
Miami Mayor Francis Suarez has proposed an official resolution that would see Bitcoin (BTC) become an acceptable payment instrument in various parts of the city's administration.
Announcing the news on Twitter, the Mayor said that the city commission has supported the resolution, and is now taking next steps:
“I wanna thank the city of Miami commissioners for supporting my resolution, which directs a city manager after analysis to procure a vendor to be able to offer our employees to get a percentage of their salary in Bitcoin; allows our residents to pay for fees in Bitcoin.”
The resolution would also put a proposition before the state legislature that, if successful, would see Bitcoin as an acceptable investment for municipal funds.
Suarez said, “It’s wonderful to be a very crypto-forward city, and I wanna thank my commission colleagues for allowing that to happen.”
Although the commission approved the resolution 4-1, it significantly reworded its original call, according to a Feb. 11 report by Bloomberg. The commission only agreed to study the feasibility of these steps rather than taking action, as the original proposal reportedly suggested.
Some city commissioners reportedly cautioned against moving into Bitcoin without a close study of the risks. “Maybe you’re ahead of your time, maybe you’re right, but let’s analyze it,” commissioner Manolo Reyes said. Ken Russell, vice-chairman of the city commission, reportedly claimed that he is “certainly not opposed” to the idea of Miami embracing Bitcoin. However, it’s still important to ensure “we all know what we’re getting into,” he said.
Suarez, who is up for re-election in 2021, has been steadily establishing himself as an advocate of new technologies like crypto. The official previously announced his intention to make Miami have “the most progressive crypto laws,” and overtake Silicon Valley as the most Bitcoin-friendly place in the United States.
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