The office has four key goals, as per the PR sent to Bitcoin Magazine: providing Bitcoin education, facilitating partnerships and conferences to grow tourism, connecting residents to jobs, and exploring sustainableVice Mayor Lana Negrete, who championed the initiative, said, "As we embark on a journey to learn Bitcoin in Santa Monica, I'm excited to see the following ideas. Bitcoin is for everyone!", which became the first country to adopt Bitcoin as legal tender in 2021.
By embracing Bitcoin, Santa Monica hopes to replicate some of this success. The city has an annual budget of $700 million and welcomed 4.5 million visitors, spending nearly $1 billion in 2023.of Bitcoin and city leaders visiting El Salvador to study its Bitcoin adoption firsthand. As more places like Santa Monica explore Bitcoin, it validates the growing view that cities and countries can gain an advantage by positioning themselves as Bitcoin-friendly destinations.
Dom Bei, Founder of Proof of Workforce, said: "The future of Santa Monica is bright orange!" On Wednesday, he plans to present a special Bitcoin visual on the Santa Monica Pier to celebrate the city's new Bitcoin initiative.
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