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 … [Read more...] about MiamiCoin has now raised $24.7 million… but who will benefit?
MiamiCoin
Miami residents could soon receive Bitcoin dividends earned through MiamiCoin
Mayor Suarez of Miami has announced a unique way to mainstream Bitcoin. In an interview with Coindesk TV, Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields earned on the city’s Miami coin.In an interview held on November 11, Suarez said “We’re going to be the very first city in America to … [Read more...] about Miami residents could soon receive Bitcoin dividends earned through MiamiCoin
Miami to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens
The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total annual tax revenue of $400 million. Source link … [Read more...] about Miami to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens