Connect with us

Executive Voice

Bitcoin of America working with Mayor Suarez to make Miami the cryptocurrency capital

  With the City of Miami hoping to attract more tech and finance firms and ultimately become a capital for cryptocurrency, Bitcoin of America CEO Sonny Meraban is working closely with Mayor Francis Suarez to expand the business throughout South Florida.



Miami Mayor Francis Suarez has big dreams of his city someday becoming the world’s cryptocurrency capital, and Bitcoin of America is doing everything in its power to help turn those dreams into a reality.

In the wake of Mayor Suarez boldly stating in recent weeks that the City of Miami is positioning itself to become a major hub as a cryptocurrency capital, Bitcoin of America CEO and founder Sonny Meraban met with the South Florida leader this week to assist in the efforts.

Meraban, who recently celebrated his company surpassing the 1,000-location plateau across the county, announced plans to further Bitcoin of America’s expansion in Miami. Also, Suarez and Meraban held lengthy discussions about Mayor’s stated wishes of the City of Miami someday paying municipal workers in cryptocurrency and accepting tax payments in Bitcoin.

Bitcoin of America, the nation’s fourth-largest Bitcoin operator worldwide, is planning to add 184 more investing and trading ATM and tablet-format locations in the City of Miami by 2022. That expansion will take the company’s investment in Miami to approximately 200 locations throughout the sun-splashed South Florida city.

Bitcoin of America’s expansion in South Florida falls right in line with what is being called the “mass techxodus” of high-profile financial firms, tech companies and hedge funds leaving New York, San Francisco and Boston for Miami’s business-friendly climate. In part because of tax credits, low-interest loans or other economic incentives being offered, Miami has been able to recently land companies such as Blackstone, Citadel and Goldman Sachs, Elliott Management, Icahn Enterprises and the Japanese group, SoftBank. Also, numerous other startup companies from San Francisco’s Bay Area and nearby Silicon Valley have moved jobs and investments to sunny South Florida.

Mayor Suarez has said the recent relocation of thousands of Americans to South Florida and the growing acceptance rates of Bitcoin as a legitimate currency is interconnected. Thus, his push to help Miami attempt to become the world’s cryptocurrency capital.

Bitcoin of America, which has locations in 31 U.S. states and the District of Columbia, has certainly done its part to target Miami as an area for tremendous growth. With ATMs already established in landmark areas such as Wynwood Business District, Miami Shores and the Miami Design District and various Sunoco, Valero, Mobil and Marathon gas stations, Bitcoin of America already has 16 locations in Miami. That number, of course, is about to skyrocket as the company looks to get to 200 ATM locations by the end of 2022.

Registered as a money services business with the United States Department of Treasury, (FinCEN) Bitcoin of America offers Bitcoin ATMs, Bitcoin Tablets and an online exchange. Their hosting service proved to be a boon for small-to-medium-sized local businesses severely impacted by the COVID-19 pandemic and the subsequent downturn of the nation’s economy. Bitcoin of America’s host program helped to bring new revenue streams and growth opportunities to businesses that needed every bit of financial assistance they could get during the pandemic-related downturn.

If all goes well in the days, weeks and months ahead, Bitcoin of America hopes to work hand-in-hand with Mayor Suarez to help make Miami the cryptocurrency capital of the world.

I am a physician and career entrepreneur. After studying medicine, I founded a social media marketing agency and a fitness equipment company as well as direct a non profit. My goal is to inspire others to achieve their dreams and create the freedom in their life that they know is within reach. I host a podcast Mentors Collective to interview some of my favorite business minds.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Entrepreneurship9 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship10 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance2 years ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship2 years ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship2 years ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship3 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.