Crypto currency as their units continue to become more widespread today, cities continue to issue their own crypto-currencies. So much so that Miami, which has launched its own cryptocurrency, is free to residents of the city Bitcoin (BTC) he announced that he would be disbanding.
Free Bitcoin Will be Distributed to Miami Residents
According to Mayor Francis Suarez, every Miami resident with a digital wallet will be eligible for a Bitcoin dividend. Suarez said in an interview on November 11, “In America, Bitcoin we will be the first city to give its return directly to its residents as a dividend,” he said.
Citycoins was launched in August, which helps finance municipal projects by generating yields MiamiCoin he launched the crypto currency.
MiamiCoinstaking brought in returns in excess of $21 million for the city. The reserve wallet converts MiamiCoin deposits into USD based on commands from city authorities. Suarez said that if the yield continues at this rate, they will be able to fully cover the city’s tax needs.
In addition, the residents of the city are also provided with free october BTCthey also won’t need to own any MIAMICOINS to qualify for the. Suarez, the mayor of Miami, continued his statements on the issue as follows;
“We will create digital wallets for our residents. And we will give them Bitcoin directly from the return of MIAMICOIN.”
The Ultimate Goal is to Spread Bitcoin
Suarez believes that the ultimate goal in this development is Bitcoinhe noted that more and more people are trying to get their hands on it.
When it comes to local lawmakers, Suarez is one of Bitcoin’s biggest advocates. Just last week, Suarez and New York City Mayor Eric Adams announced that they would accept their next paycheck with Bitcoin. His commitments were quickly welcomed by the Mayor of Tampa Bay, Florida, Jane Castor.
In February, Mayor Suarez announced plans to turn the City of Miami into a major cryptocurrency hub by passing “the most progressive crypto laws”. Fittingly, this year’s Bitcoin conference was held in Miami and attracted the largest crowd in the history of the annual event.
Immediately after Suarez’s statements, according to Coingecko The price of MiamiCoin it rose 18% to reach a daily high of $ 0.02369489.