Santa Monica, California, is getting serious about Bitcoin. The city is opening a brand new “Bitcoin Office” dedicated to teaching residents and businesses about the cryptocurrency and its potential to shape the future of the economy.
A Bitcoin Hub in the Making
The city government partnered with the Proof of Workforce Foundation, a non-profit that helps workers and organizations get into crypto, to create the office. The goal is to provide comprehensive education about Bitcoin and its role in the modern world.
The Bitcoin Office isn’t just about education, though. It’s also looking to attract Bitcoin-related businesses and create new jobs in the city. By fostering partnerships and collaborations, Santa Monica hopes to build a more resilient and forward-thinking local economy.
Bitcoin’s Growing Presence in Los Angeles
Santa Monica’s initiative comes at a time when Bitcoin is gaining traction in Los Angeles. The city already boasts nearly 2,000 Bitcoin ATMs, the most in the entire United States.
With Bitcoin’s price currently hovering around $61,336, the city’s decision to embrace the cryptocurrency could be a sign of things to come. It remains to be seen how the Bitcoin Office will impact Santa Monica’s economy, but it’s clear that the city is ready to ride the wave of the future.
