The city of Santa Monica, California, has officially added a “Bitcoin Office” section to its website to support industry partnerships and increase job opportunities.
The move comes nearly a month after the Santa Monica City Council unanimously approved a pilot program for a Bitcoin (BTC) office in Santa Monica.
Officials said the initiative is being implemented at no cost to the city.
After City Council approval, Santa Monica unveiled New section On its website on Thursday, August 8.
The city administration is reportedly partnering with the Proof of Workforce Foundation to educate Santa Monica residents and businesses about BTC and its transformative potential in the modern economy.
Proof of Workforce Foundation is a nonprofit organization dedicated to bridging the gap between emerging digital technologies and local communities. Established in 2023, the organization plans to equip individuals with the skills needed for the evolving job market and drive economic growth in Santa Monica.
In addition to its educational mission, the Bitcoin Office aims to foster partnerships within the Bitcoin industry to support Santa Monica’s economic recovery and create new jobs.
According to the website page, the office will facilitate strategic cooperation to boost the local economy and position Silicon Beach as a leading hub for Bitcoin innovation.
The office launch was followed by a promotional post about the upcoming Bitcoin festival, Bitcoin Peer-to-Peer, on X. According to the post, Santa Monica plans to host the event on October 18, a day after the proposed date.
Santa Monica Deputy Mayor Lana Negrete Confirmed That the Santa Monica Bitcoin Office program focuses solely on education rather than the asset itself.
Negrete said the initiative is in line with the council’s ongoing efforts to boost the city’s economic recovery.
The program is expected to generate positive publicity for Santa Monica and boost tourism, especially since the city hosts the annual Pacific Bitcoin Festival, which attracts thousands of Bitcoin enthusiasts each year.
In an effort to promote educational opportunities around cryptocurrencies, Negrete explained that the city does not support Bitcoin investments. Instead, the program aims to enhance residents’ understanding of the functions of cryptocurrencies, enabling them to make more informed decisions about their use and investment.