Miami Plans To Give Out Bitcoin In Its Quest For Crypto Utopia
The latest from Miami which its mayor, Francis Suarez, is competing with others, namely incoming NYC mayor Eric Adams:
Everyone in Miami’s getting free bitcoin, Miami Mayor Francis Suarez told CoinDesk TV on Thursday. The move, part of the fuzzier overall plan to become “the first Web3.0 city,” entails parsing out yields the city makes from MiamiCoin, which has already generated $21 million for the city.
“We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents,” Suarez told CoinDesk TV. “So we’re gonna create digital wallets for its residents, and we’re gonna give them bitcoin directly from the yield of MiamiCoin.” The city will distribute digital wallets compatible with the major cryptocurrency exchanges.