Alex Coin 
Austin’s mayor presented two proposals to promote the adoption of Bitcoin and its underlying technology that will be voted on by the city council at the end of March.
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The capital city of Texas in the United States appears to be on its way to becoming a cryptocurrency hub and Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. .
Austin Mayor Steve Adler has put forward a pair trade between one cryptocurrency and another, for example, the trading pair BTC/ETH. of proposals for Texas’ fourth-largest city to look at accepting cryptocurrency payments and adopting blockchain technology. The project appears to be looking to replicate cities like Miami and New York, which have moved to adopt Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and its underlying technology, according to the local media Kxan .
Adler previewed some of the plans during the iconic event. South by Southwest (SXSW), which is being held this week. “ Austin is excited to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the companies and innovations that will make the promises of Web3, cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. and blockchain technology a reality “ said in a tweet . También destacó al medio Kxan :
Queremos ser parte de las ciudades que están pensando en grande y audaces y atrayendo talento.
Austin is excited to support the businesses and innovations that will turn the promises of Web3, cryptocurrency, and blockchain technology into reality. Thanks to @MK6ATX for her resolution and @RaffiSapire , @consensus2022 , @JoshuaBaer , and @PrestonLJ2 for their leadership! #SXSW pic.twitter.com/HdmuGA0l2Y
— Mayor Adler | Get vaccinated! (@MayorAdler) March 11, 2022
Two pro-cripto proposals for Austin
One of the proposals, introduced by Adler and Councilmember Mackenzie Kelly, would direct the city manager to conduct research with the goal of generating policies that would allow the city of Austin to accept Bitcoin and other digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies for payments of taxes, fees and municipal fines.
The approval of this project would allow residents of Texas’ capital capital is most commonly defined as the large sum of money you would use to invest. city to legally pay their bills with cryptocurrencies . The proposal appears to be part of a larger effort by the mayor to turn Austin into an attractive hub for digital currency currency is a medium of exchange that defines value. companies and investors and the surrounding ecosystem.
A second proposal would encourage and promote the adoption of technologies such as Blockchain in a wide range of city services and projects. This resolution would direct the Austin City Manager to investigate how he canutilizar la tecnología de cadena de bloques en 20 camposincluding payments, identity, fundraising, supply chain, arts and more.
El draft of the initiative says that one of the pillars of the resolution is to promote “ equity, diversity, accessibility and inclusion ” in the tech ecosystem. Also read:
The city manager should ensure that the city helps create an environment within city government and the broader community that supports the creation and development of new technologies, including but not limited to Blockchain and other Web3 related technologies, protocols and applications.
More U.S. cities go after Bitcoin
The Austin City Council is preparing to vote on the proposals at a meeting scheduled for March 24.
According to Cointelegraph , The City of Austin has been considering technology integrations of Blockchain from at least 2020, when it will be made a proposal to use smart contracts for identity verification protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. MyPass . Although, as one of Adler’s proposals indicates, the city’s Office of Innovation began researching the technology in 2017.
The Texas capital’s move is in line with that of other cities across the country such as New York, Miami and Colorado, which have been leading efforts to compete in the emerging digital and tech arena. New York and Miami have both launched their own cryptocurrencies in alliance withCity Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency.. Also its mayors, Eric Adams and Francis Suárez, have also received their salaries in Bitcoin .
Most recently, Colorado Governor Jared Polis, announced that the state will begin accepting digital currencies for tax and other state payments starting in August at the latest. Other regions of the North American country such as Philadelphia have expressed interest in joining the program.City Coin to launch a citizen token.
- Miami Mayor Francis Suarez unveils progress on plan to pay public employees in Bitcoin
- Colorado Governor maintains plans to accept cryptocurrencies for tax payments despite falling prices
- New New York City Mayor Eric Adams wants schools to teach about Bitcoin and Blockchain
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva
