Miami Mayor Francis Suarez recently appeared at a city forum to address the issue of employment in the entertainment industry, which has been depressed by the epidemic. He said he would "lead the way" by fully supporting the digitization of Miami's entertainment industry, increasing employment in the industry, and combining advanced blockchain technology with the entertainment industry as a first step in turning Miami into a digital financial center, followed by a new look for the public.
Suarez is a strong supporter of digital currency and has been advocating for turning Miami into a new digital financial center. Earlier this year he said he plans to incorporate digital currency into the city's balance sheet and plans to use digital currency to pay city workers and levy taxes.
In addition, Suarez is a big supporter of digital currencies and has said that he hopes MiamiCoin will one day be able to support the city without its residents having to pay taxes. In the future, MiamiCoin will already have earned Miami more than $20 million, Suarez said, or about $80 million if annualized, equivalent to one-fifth of Miami's total annual tax revenue of $400 million.