Mayor Says MiamiCoin Has Generated $8 Million In Revenue For The City

Mayor Says MiamiCoin Has Generated $8 Million In Revenue For The City

The mayor of Miami, Francis Suarez has revealed that the city has so far generated over $8 million from its partnership with CitycOINS. The city had taken a plunge into crypto with the creation of its very own coin named after the city, and the mayor said that the move had been a “game-changer” for […]


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Miami's mayor believes that if city-specific cryptos succeed, it would mean residents "won't have to pay a cent in tax." Miami Mayor Francis Suarez has been celebrating the success of a recent initiative to fund municipal projects through the proceeds of a city-specific crypto protocol built atop the Bitcoin (BTC) blockchain.On Sept. 13, Miami’s city commissioners voted to accept funds generated by a new cryptocurrency, MiamiCoin, which was launched in August by CityCoins. The coin is built on Stacks, an open-source network of decentralized apps and smart contracts that use the Bitcoin....

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....

Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not hol...

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....

Civic engagement and crypto: Miami unveils its own digital coin

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