It is important to note that the word “you” means “you”. City of Santa Monica The city made history as the first in the U.S.A. to officially open a Bitcoin office. City council unanimously agreed to open the Bitcoin office as a pilot in partnership with nonprofit Proof of Workforce No cost to the City
According to the press release, there are four main goals for this office: providing Bitcoin Education, creating partnerships to increase tourism, connecting locals to employment, and exploring sustainability. Bitcoin mining Powered by renewable energy generated in the city.
Vice Mayor Lana Negrete who spearheaded the initiative said: “As we embark on a journey to learn Bitcoin in Santa Monica, I’m excited to see the following ideas. Bitcoin is for everyone!”
Santa Monica follows the example of El SalvadorEl Salvador has opened a Bitcoin office and attracted significant investment in Bitcoin. El Salvador opened a Bitcoin Office in 2013 and has attracted significant tourism and investment related to Bitcoin.
Santa Monica wants to repeat this success by adopting Bitcoin. The city’s budget is $700 million annually and it welcomed 4.5 millions visitors who will spend nearly $1 billion by 2023.
Other recent Bitcoin developments include Santa Monica firefighters adopting Bitcoin self-custody El Salvador’s Bitcoin adoption is being studied by city leaders.
Santa Monica is a prime example of a city that has embraced Bitcoin and confirmed the view that countries and cities can benefit from positioning themselves as Bitcoin friendly destinations.
Dom Bei, founder of Proof of Workforce said: “The future of Santa Monica is bright orange!” He plans to unveil a Bitcoin-themed visual at the Santa Monica Pier on Wednesday to commemorate the new Bitcoin initiative of the city.
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Source: bitcoinmagazine.com
