Kristina Cornèr, Editor-in-Chief of Cointelegraph, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum in Davos, Switzerland to discuss topics including the mayor’s role for the WEF, on the fact that bitcoin is a global currency. and what the mayor does with his BTC.
According to Suarez, his role at WEF is different from the one he played at the Miami Bitcoin event. In Davos, the mayor said he was playing an “evangelical role” in teaching attendees about bitcoin. He explained that he wanted them to understand that this technology was affecting “the lives of many people”.
Separately, Mr. Suarez also spoke about the potential of bitcoin as a global currency. The mayor pointed out that bitcoin offers various opportunities for democratization and even “disruption of socialist regimes”. In addition, he said bitcoin creates “trust, which is what monetary systems should be based on.”
Suarez, who received part of his salary in bitcoins, told Cornèr that he primarily deposits his bitcoins. He stressed that he believes in the technology behind cryptocurrency and thinks he could one day give it to his children.
Read also: WEF 2022: bitcoin must be seen through the lens of innovation, says Miami mayor
The mayor of Miami also expressed agreement with the view of Mastercard CEO Michael Miebach that SWIFT could cease to exist in five years. Mr. Suarez noted that companies like Mastercard that pursue encryption are very important to the industry. The mayor believes Mastercard has an infrastructure that could help the crypto world in terms of processing power.