US will pay salaries in bitcoins for the first time
Jackson, Tennessee will allow the citizens to convert their salaries into cryptocurrency
21.12.2021 - 09:05
214
1 min
0
What’s new? The city of Jackson, Tennessee, USA, will become the first city to allow civil servants to convert their salaries into bitcoin. The city's Mayor, Scott Conger, has personally insisted for the initiative to be introduced, according to the local Jackson News agency.
Why does the city need such a system? Conger believes it will not only open up more opportunities for the city but also help the employees diversify their investments. The system will also allow bitcoin payments to contractors and companies, which will involve more people in the crypto industry.
How will the project be implemented? As the first step towards the project’s launching, a request for proposal (RFP) has been opened. The city is looking for a platform to serve as a cryptocurrency converter. The Mayor of Jackson believes that if the review hearing for this project goes well, the citizens will start getting paid in cryptocurrency in early 2022.
Useful material?
Market
Users who have experienced withdrawal problems in the last two days will be eligible to participate
Mar 28, 2024
Market
Last July, a criminal investigation into the exchange was opened by the US authorities
Mar 27, 2024
Market
The unrealized profit from the deal was $8,9 million
Mar 26, 2024
Incidents
The phasing out began on March 25
Mar 25, 2024
Crypto regulations
The new measures must go through additional stages of approval
Mar 25, 2024
Incidents
The popularity of this kind of project launch format has already led to blockchain overload
Mar 20, 2024