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....
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CityCoins presented an overview of MiamiCoin technology on the third day of The North American Bitcoin Conference in Miami, Florida. Recently, Cointelegraph spoke to Miami Mayor Francis Suarez following the announcement that Miami residents with a digital wallet can earn a Bitcoin dividend. The company that sets up the infrastructure to get Bitcoin dividends into the hands of citizens is CityCoins, an open-source protocol that provides fundraising mechanisms for cities. Miami and New York City are the two inaugural cities to begin fundraising, via MiamiCoin and NYCCoin respectively.....
The Philadelphia city government is enthusiastic about exploring a partnership with CityCoins to help boost its treasury with cryptocurrency. Philadelphia is on the cusp of following in the footsteps of Miami, Austin and New York City by partnering with CityCoins to develop a crypto for the city of Brotherly Love.Philadelphia Mayor Jim Kenney has endorsed the concept and told government news media site Statescoop that his office is “enthusiastic about the potential of donations from a CityCoins program to target pressing problems in the city.” Philly’s Chief Information Officer and....
The CityCoins project on Stacks is getting added functionality through 11 new startups from the Stacks Ventures project incubator. The Stacks Ventures project incubator has accepted 11 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies. Stacks Ventures is a $4 million incubator for projects on the Stacks (STX) Bitcoin layer-2 smart contract solution. CityCoins is a project that enables partnered city governments to launch their own token on Stacks, with Miami City And New York City being the....
Florida Governor Ron DeSantis proposed to allocate $750 million to enable a “crypto-friendly Florida.” Florida Governor Ron DeSantis has officially proposed the state government to allow businesses to pay state fees with cryptocurrencies like Bitcoin (BTC).The Republican governor announced the idea as part of his 2022–2023 budget proposal, released on Dec. 9.According to the official budget highlights, DeSantis proposed to provide $200,000 to the Department of Financial Services to offer Florida corporations the ability to “pay state fees via cryptocurrency directly to the Department of....
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 […]