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Miami Mayor Meets With Elrond CEO After Bitcoin Treasury Discussion

2 mins
Updated by Ryan Smith
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In Brief

  • Miami Mayor Francis Suarez sat down with Elrond founder and CEO Beniamin Mincu.
  • They discussed how blockchain technology could benefit the city and its residents.
  • This meeting follows a conversation between Mayor Suarez and Anthony Pompliano on Twitter about Miami introducing bitcoin into its treasury reserve.
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It seems that Anthony ‘Pomp’ Pompliano may have influenced another high-profile person to embrace crypto. Miami Mayor Francis Suarez sat down with Elrond founder and CEO Beniamin Mincu.

Pomp and Mayor Suarez had a brief discussion on Twitter about utilizing bitcoin as part of its treasury reserve, something the mayor said he was definitely open to. Perhaps an in-person meeting signifies an even higher level of interest?

The Meeting

In a recent tweet, Mincu explains in detail what was discussed. In the thread, Mincu opens with:

“On Friday, I met with the Mayor of Miami, @FrancisSuarez, to have a discussion about the multi-trillion dollar opportunity in blockchain/crypto, and how Elrond can help Miami seize this opportunity.”

He continued:

“To make the most of this opportunity, I have suggested two things Mayor Francis could do to position Miami for strong tailwind adoption: 1 – Friendly regulation. 2 – A strategic collaboration with an internet-scale blockchain platform. Hence, our discussion about Elrond.”

It appears the two had a deeper discussion compared with the pleasantries that may be expected from a high tech platform and a politician.

They discussed actionable changes that the city of Miami could take advantage of by working with cryptocurrency-based projects and organizations.

What is Elrond?

Elrond is a scalable, high-performance blockchain platform meant to facilitate the use of decentralized applications. According to the remainder of Mincu’s thread:

“To be clear, Elrond is complementary to Bitcoin and Ethereum. In fact, Elrond is the ultimate internet-scale blockchain, being able to scale beyond Visa levels in bandwidth, with trivial transaction cost, and offering a great dev experience. All live and available today.”

Mincu continued to point out exactly how Miami could benefit from the Elrond platform, stating that it can offer a highly scalable platform to build on.

He also proposed that Elrond could finance blockchain founders and entrepreneurs in Miami and offer strategic advice related to all things blockchain and crypto.

US politicians sitting down with blockchain experts and discussing the various possibilities is likely something that would have been unheard of just a few years earlier.

It’s unclear yet whether Mayor Suarez will be taking up Mincu on his offers, however, it does appear that mainstream adoption is coming slowly but surely.

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Harrison Seletsky
Harrison is an analyst, reporter, and lead specialist at BeInCrypto based out of Tel Aviv, Israel. Harrison has been involved in the cryptocurrency space since late 2016 and is passionate about decentralized ledger technology and its potential.