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Francis Suarez and Eric Adams View Blockchain as a Way to Boost Equality and Diversity

Amy Liu

Summary: According to coindesk, Bitcoin-friendly mayors Francis Suarez of Miami and Eric Adams of New York City view blockchain technology as a way to increase equality and diversity in their respective cities, and also to disrupt authoritarian regimes. “We have a generational opportunity to outmaneuver countries such as China, Russia and other parts of the world ...

According to coindesk, Bitcoin-friendly mayors Francis Suarez of Miami and Eric Adams of New York City view blockchain technology as a way to increase equality and diversity in their respective cities, and also to disrupt authoritarian regimes.

“We have a generational opportunity to outmaneuver countries such as China, Russia and other parts of the world that try to steal our technology,” Suarez said during a panel discussion at fintech investment firm Inveniam’s Web 3-focused conference. He added that states that “ban technologies they cannot control commit a mistake,” and that the U.S. has to be ready to seize the opportunity to become a leader.

Adams stressed that blockchain technology can help combat income inequality and serve as a tool for giving incentives to residents. He also said that he is “going to build a blockchain and crypto educational platform” for young people and will “give them cryptocurrency” to learn about the technology.

By Amy Liu

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