Crypto and Bitcoin in Reno, Fort Worth, Portsmouth, Miami: What cities are actually getting out of it.
— One missive, Effort, Normally — like, Prominent example, Workability, Crypto prices, Local governments, Digital currencies, Tennessee, People — 1 min read
Miami has positioned itself as the country’s (mainland) cryptocurrency paradise. Mayor Francis X. Suarez repeatedly emphasizes his crypto bona fides, from taking his salary in Bitcoin to calling for the U.S. to incorporate blockchain technology into every level of government. But MiamiCoin has lost nearly 90 percent of its value since launching in early August and was trading for $0.00071 as of this writing. A wave of smaller cities has begun to accept cryptocurrencies for payments, create their own NFT projects, and even install crypto mining operations. Reno, Nevada, Mayor Hillary Schieve is a longtime crypto enthusiast who sees so-called Web3 technology as a possible feather in the city's already-ostentatious cap. Source