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 Economic Forum held at Davos, Switzerland, to debate subjects just like the function the mayor performed on the WEF, Bitcoin being a worldwide forex and what the mayor does together with his BTC.

Based on 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 making an attempt to get folks to know that this know-how goes to affect “the lives of many.”

Other than this, Suarez additionally mentioned the potential of Bitcoin as a worldwide forex. The mayor highlighted that Bitcoin presents varied alternatives to democratize and even “disrupt socialist regimes.” Moreover, he mentioned that Bitcoin “creates belief, which is what forex techniques needs to be based mostly on.”

Suarez, who received some of his paychecks in Bitcoin, instructed 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 that he agrees with the feelings of Mastercard CEO Michael Miebach on how 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 when it comes to processing energy.

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