Express
Miami Citizens Will Get Bitcoin Yield From The Staking Of MiamiCoin
Summary: The Mayor of Miami, Francis Suarez, announced on CoinDesk TV on Thursday that the city will soon issue “Bitcoin yield” to its residents through the staking of MiamiCoin. He said: “We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents.” MiamiCoin, launched early this year, ...
The Mayor of Miami, Francis Suarez, announced on CoinDesk TV on Thursday that the city will soon issue “Bitcoin yield” to its residents through the staking of MiamiCoin.
He said: “We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents.”
MiamiCoin, launched early this year, has earned more than $21 million for Miami in the past three months.
As for how to send yield to citizens, the mayor explained that the city will cooperate with various crypto exchanges to allow its residents to obtain a digital wallet, and payment will be done through the digital wallet.
Suarez said: "I do see very quickly a world where the satoshi system is what is used to make payments...We need for people to understand that… yes, we want you to hold Bitcoin but we also want to increase the utility of Bitcoin."
By Mary Liu
Tags: Bitcoin,Francis Suarez,Miami,MiamiCoin
Link: Miami Citizens Will Get Bitcoin Yield From The Staking Of MiamiCoin [Copy]
