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 current World Financial Discussion board held at Davos, Switzerland, to debate matters just like the function the mayor performed on the WEF, Bitcoin being a worldwide foreign money and what the mayor does together with his BTC.

Based on Suarez, his function on the WEF is totally different from what he did on the Bitcoin Miami occasion. 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 affect “the lives of many.” 

Aside from this, Suarez additionally mentioned the potential of Bitcoin as a worldwide foreign money. The mayor highlighted that Bitcoin presents varied alternatives to democratize and even “disrupt socialist regimes.” Moreover, he stated that Bitcoin “creates belief, which is what foreign money programs needs to be primarily based on.” 

Suarez, who acquired a few of his paychecks in Bitcoin, instructed Cornèr that he largely hodls his Bitcoin. He underscored that he believes within the know-how behind the crypto and thinks that he might give it to his kids at some point.

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

The mayor of Miami additionally expressed that he agrees with the emotions of Mastercard CEO Michael Miebach on how SWIFT could stop to exist in 5 years. Suarez famous that corporations like Mastercard leaning into crypto are crucial for the business. The mayor believes that Mastercard has an infrastructure that may assist the crypto world when it comes to processing energy.