of City of Santa Monica Making history by opening an official Bitcoin office, the City Council unanimously voted to partner with a nonprofit organization to pilot the office. Proof of labor force There is no cost to the city.
According to a press release sent to Bitcoin Magazine, the office has four main goals: providing Bitcoin education, facilitating partnerships and conferences to grow tourism, connecting residents with jobs, and exploring sustainable development. Bitcoin Mining It runs on renewable energy sources within the city.
Vice Mayor Lana Negrete, who spearheaded the initiative, said, “As we embark on our Bitcoin education journey in Santa Monica, I’m excited to see ideas like: Bitcoin is for everyone!”
Santa Monica is El SalvadorEl Salvador became the first country to adopt Bitcoin as legal tender in 2021. Since then, the country has opened a Bitcoin office and attracted significant Bitcoin-related investment and tourism.
Santa Monica hopes to replicate some of that success by adopting Bitcoin. The city has an annual budget of $700 million and is on track to welcome 4.5 million tourists in 2023, spending nearly $1 billion on the city.
Recent Bitcoin initiatives in Santa Monica include firefighters adopting Bitcoin. Self-management City leaders visited El Salvador to get a first-hand look at Bitcoin adoption.
As places like Santa Monica consider Bitcoin, it proves a growing belief that cities and countries can gain an advantage by positioning themselves as bitcoin-friendly destinations.
“The future of Santa Monica is bright orange!” said Dom Bei, founder of Proof of Workforce. On Wednesday, they will celebrate the city’s new bitcoin initiative with the unveiling of a special bitcoin visual at the Santa Monica Pier.
