Miami mayor talks about rewards for staking the city’s digital currency

Miami Mayor Francis Suarez announced that all city residents who hold MiamiCoin cryptocurrency will be rewarded in Bitcoin. Before the initiative launches, authorities plan to hold a preliminary Bitcoin giveaway as a test.

“We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents,” Suarez said.

To participate in the program, residents need to set up a cryptowallet, register and be verified. Data fro​m community CryptoDeFix. Several cryptocurrency exchanges, which have not been named, are assisting with the program.