Cybersecurity & Tech
What’s happening? Miami adopted Miamicoin, a cryptocurrency that can pay city employees, and be accepted for city taxes. Miami is partnering with CityCoins, a nonprofit and opensource protocol that allows people to hold and trade cryptocurrency representing a stake in a municipality.
Why is this important? In a week that saw China ban all cryptocurrency, we see Miami, one of the first cities int venation to embrace crypto currency. The Miami mayor calls the program a way to transform the city into the world’s “cryptocurrency innovation hub,”
How will this be important? The program is expected to generate $60M in the first year for the city. Since August $7.1 has been generated for Miami.
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