Miami releases its own cryptocurrency
Miami will release the cryptocurrency on 4 August, it will be called MiamiCoin. With the help of cryptocurrency the city authorities plan to finance its development and city events. According to a statement by Miami Mayor Francis Suarez, the cryptocurrency will help the city earn millions of dollars.
MiamiCoin will be the first digital currency issued in the CityCoin system. This is a publication from platform CryptoDeFix. This project allows to create tokens for the city in order to attract finances to the city’s budget. Investors can receive rewards in bitcoins by stacking city tokens.