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

316

1 min

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.

The Jackson News material

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.

Author: