California City Launches New ‘Bitcoin Office’ Dedicated to ‘Transformative Potential’ of BTC

Santa Monica, California, is launching a new office dedicated to educating the community about Bitcoin (BTC).

In a new announcement, the government of the city of Santa Monica – a part of Los Angeles County – says that it’s opening the Bitcoin Office to help residents and businesses understand its potential and role in the modern economy.

“In partnership with Proof of Workforce Foundation, we are committed to providing comprehensive education about Bitcoin and its role in the modern economy, helping Santa Monica residents and businesses alike understand this innovative technology.

In addition to providing education, the Bitcoin Office’s mission is also focused on identifying and facilitating Bitcoin industry partnerships that actively support Santa Monica’s economic recovery and cultivate new employment opportunities.

By fostering strategic collaborations, we aim to create a resilient and forward-looking local economy that benefits all members of our community.”

The Proof of Workforce Foundation is a non-profit organization dedicated to helping unions, organizations and workers adopt the top crypto asset by market cap.

According to German data-gathering platform Statista, as of 2022, the city of Los Angeles had nearly 2,000 Bitcoin ATMs, by far the most in the United States.

Bitcoin is trading for $61,336 at time of writing, an over 1% increase during the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: DALLE3