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Mayor Scott Conger of Jackson, Tennessee, is exploring options to make the city accept property tax in bitcoin (BTC).<\/b><\/p>\n In yet another development toward mainstream bitcoin (BTC) adoption, Mayor Scott Conger of Jackson \u2013 the 8th<\/sup> largest city in Tennessee, U.S., today tweeted the city\u2019s blockchain force is exploring options to make bitcoin a part of the state economy.<\/p>\n Specifically, the Mayor tweeted:<\/p>\n In addition to enabling its citizens to pay property taxes in BTC, Jackson\u2019s blockchain task force is also looking at ways to allow employees to dollar-cost average the premier cryptocurrency by market cap.<\/p>\n In another tweet, the Mayor took aim at dollar debasement saying that every year the greenback continues to weaken against commodities and thereby is losing its purchasing power. He demanded more accountability from the U.S. federal government.<\/p>\n While bitcoin started off as an anti-establishment digital form of money that seeks to take the power from the status quo, it is steadily being embraced by government officials the world over for its several other merits.<\/p>\n The biggest and perhaps the most significant development in this regard is El Salvador\u2019s open embrace of the premier cryptocurrencies. Not only has El Salvador made bitcoin legal tender in the country but is also actively working toward mining BTC with renewable sources of energy most notably via geothermal energy extracted from the country\u2019s volcanoes.<\/p>\n That being said, it is yet to be seen whether the citizens of El Salvador like the bitcoin push in the country.<\/p>\n Several other economically troubled countries are expected to follow El Salvador\u2019s lead as was reported by BTCManager<\/i> on June 16. I<\/p>\n n fact, one of these countries \u2013 Paraguay \u2013 recently witnessed the introduction of a bitcoin legislation bill in the parliament that seeks to create conducive regulations for digital currencies in the South American country.<\/p>\n As for the U.S., competition is growing fierce among the states to establish themselves as a crypto hub in the country.<\/p>\n<\/span>Bitcoin Adoption, One Step at a Time<\/strong><\/span><\/h2>\n
<\/span>Government Officials Steadily Warming Up to BTC<\/strong><\/span><\/h2>\n