A wave of political goodwill and support for Bitcoin is building up in the U.S. Bitcoin’s dizzying market price swings aside, it seems some politicians have recognized Bitcoin’s potential and its popularity. Numerous mayors across the United States expressed bullish sentiments.
These include New York City’s newly elected mayor, Eric Adams[1] to Miami Mayor Francis Suarez[2], among others. Now, in the wave of cities across the U.S edging closer to Bitcoin adoption, the city of Jackson, Tennessee led by the city’s mayor, Scott Conger is racing ahead.
Crypto payroll conversion
According to a report by a local media outlet[3], the City of Jackson will soon be making history as the first city in the nation to add cryptocurrency as a payroll conversion option for city employees. The city has now opened a request for bids from companies that will be responsible for converting cryptocurrencies. The announcement concerning the request for proposal read[4] as:
“The RFP is open! The 22nd (December) is when the respondents have to respond to the RFP. So once the 22nd hits, we’ll open the bids, have the committee, and then they’ll review it. They’ll probably make a recommendation to the council in February.”
As stated above, all proposals will have been reviewed by the committee by February. The said move could play a vital role in diversifying ways in which an employee could receive payment.
“It’s not something that’s going to be required. It’s an alternative. Think of it like you’re investing in the stock market. What do you want to do? You’re want to diversify your investments. And this is just another way to diversify the portfolio of how we generate revenue—potentially throughout the city.”
But why
