Miami will hand out free Bitcoin to residents from profits on city coin
The race to establish America’s biggest crypto hub is intensifying, with Miami emerging as a front-runner by generating millions of dollars in yield from staking Miami Coin. Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11.Citycoins launched the MiamiCoin cryptocurrency in August, which helps fund municipal projects by generating yield. Staking MiamiCoin has....
Related News
The mayor of Miami plans to give residents a Bitcoin dividend, but what exactly does this mean, and is there any real utility in this move? Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend. While such a proposal would make Miami the first city in America to provide a Bitcoin....
Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year.Miami famously plays host to the Bitcoin Conference each year, and digital assets have been embraced by the mayor and the wider population. Heres your ultimate guide to the crypto city of Miami. This is your ultimate guide to crypto in Miami. Fast factsCity: Miami Country: United States Population: 6.17 million (Metropolitan Area) Established: 1896 Languages: English (official), Spanish (~60% of residents), Haitian Creole (widespread) Party in the city....
The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin. Residents would also have the option of using cryptocurrency to pay for city services.
The City Commission of Miami is now looking into the feasibility of allowing Miami residents to pay taxes and receive salaries in Bitcoin. Miami Mayor Francis Suarez has proposed an official resolution that would see Bitcoin (BTC) become an acceptable payment instrument in various parts of the city's administration.Announcing the news on Twitter, the Mayor said that the city commission has supported the resolution, and is now taking next steps:“I wanna thank the city of Miami commissioners for supporting my resolution, which directs a city manager after analysis to procure a vendor to be....
A new resolution would establish a task force to study crypto in Miami-Dade county's public administration. A Miami-Dade County commissioner is backing a new resolution to allow residents to use cryptocurrencies like Bitcoin (BTC) to pay local taxes.According to a Thursday document acquired by The Miami New Times, county commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations, and Innovations Committee, calling for the establishment of a 13-member crypto task force.The task force would examine the feasibility of allowing residents to pay their county....