The City of Jackson, Tennessee, United States is set to become the first city to add Bitcoin as a payroll conversion option for the city’s employees, according to a report on December 19 by local outlet Jackson News.
The city mayor Scott Conger has been pushing for Bitcoin to be added as an option for paying city employees and now has a motion to actualize it according to the report. Conger is convinced that the conversion option will diversify the ways city employees can receive payment, as well as allow the city to pay contractors and companies in Bitcoin to attract a wider range of bidders.
As a step towards commencing the process of adding Bitcoin as a payment conversion option, a request for proposal (RFP) has been opened. This will allow third-party platforms to apply to be the city’s cryptocurrency converter.