This Resort Town In California Launched US' First Official Bitcoin Office After Taking Inspiration From Nayib Bukele's Pro-BTC Country El Salvador
The city council of Santa Monica announced the opening of a Bitcoin (CRYPTO: BTC) Office in an effort to boost mainstream adoption of the digital currency
What Happened: Led by Vice Mayor Lana Negrete, the city council unanimously voted to establish the Bitcoin Office in partnership with the non-profit organization Proof of Workforce.
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The council said that the move will help educate the residents about Bitcoin and "seek opportunities" for economic benefits.
California’s Santa Monica is the first U.S. city to open an official Bitcoin office.
Santa Monica continues to lead in innovation, living up to our legacy as Silicon Beach. Last night the City Council moved forward with a partnership with @workforcebtc to educate the community about #Bitcoin and seek opportunities for economic benefits. More details to come. pic.twitter.com/17YKwr1423
— City of Santa Monica (@santamonicacity) July 10, 2024
Proof of Workforce is an entity involved in education-based Bitcoin adoption, helping unions, workers, and communities understand the usefulness of the world's largest digital asset.
In fact, Dom Bei, the founder of the organization, is from Santa Monica. He used to work as a firefighter and supported the union in the self-custody of Bitcoin.
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Why It Matters: The announcement of a Bitcoin Office in Santa Monica follows a similar move by El Salvador, a country that has gained global attention due to Nayib Bukele‘s pro-Bitcoin policies.
In fact, the official X account of El Salvador's Bitcoin Office congratulated the city council on the development and revealed that the Vice Mayor visited them last year to discuss Bitcoin education activities.
The Bitcoin Office of El Salvador welcomes the Bitcoin Office of Santa Monica.
We look forward to working together on bitcoin education and cultural exchange projects. https://t.co/rv59IbKyRi— The Bitcoin Office (@bitcoinofficesv) July 10, 2024
Price Action: At the time of writing, Bitcoin was exchanging hands at $58,130.89, down 1.02% in the last 24 hours, according to data from Benzinga Pro.
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This article This Resort Town In California Launched US' First Official Bitcoin Office After Taking Inspiration From Nayib Bukele's Pro-BTC Country El Salvador originally appeared on Benzinga.com
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