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- The governor of Florida, Ron DeSantis proposed an option where businesses could pay their state fees using cryptocurrencies.
- The governor further suggested exploring blockchain technology regarding car titles & Medicaid payments.
- Florida aims to be crypto friendly as the city of Miami scores.
As major politicians across the planet are getting familiar to the concept of cryptocurrencies & bringing their A-game to impress the crypto enthusiasts & investors, in a recent move the governor of Florida, Ron DeSantis recently proposed his “Freedom First Budget” for the state and it had something for crypto enthusiasts to take a shine at it.
The budget from Ron DeSantis made a proposal where businesses would get the freedom to pay their state fees using cryptocurrencies. The budget suggests allocating $200,000 to the Financial Services department of the state to do the same. The fund is expected to help the department to make them able & adaptable to provide the option.
In his speech in Tallahassee, the governor expressed his intentions while stating that the state of Florida will encourage cryptos as a means to payment of commerce & make Florida more attractive to businesses operating in the spectrum.
Furthermore, according to the budget, the governor proposed another $500,000 to explore the extent to which blockchains can be used to maintain & assign car titles while also looking to authenticate Medicaid transactions to look out for potential frauds.
The governor further pointed out that the major crypto centric businesses like Blockchain.com or the FTX are being operated from Florida while also informing that the state aims to launch pilot programs by tether distributed ledger technologies that will help in states above mentioned & various projects.
The city of Miami first witnessed the bloom of cryptocurrencies where even the mayor, Francis Suarez announced to get a portion of his salary paid in Bitcoin & more recently is planning on taking a fraction of his 401K’s in Bitcoin. The City also witnessed it’s launch of its city coin named MiamiCoin that can be purchased & where a part of investments goes to the city wallet assigning the resources exclusively for the city. The mayor can claim the same wallet at any time of the year.
While DeSantis has officially launched his campaign for re-election for the state’s office, it is also rumored that he could potentially run for the Presidency in 2024.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
