Miami launches its own cryptocurrency.
Greetings to all my dear readers and followers, today I will share with you a relevant information for all users of cryptocurrencies and especially those who are residing in the city of Miami United States. The news I will share with all of you is about the creation of a cryptocurrency to be used in the city of Miami in order to finance some projects in the city.
Cryptocurrencies continue to be talked about and this time it is the turn of the city of Miami, a city that has decided to create its own cryptocurrency in order to finance projects for the growth of this important city in South Florida. The name of this cryptocurrency is MiamiCoin and the way to acquire it is through the mining process or by purchasing it in the different exchanges that promote it. People who invest in this cryptocurrency will receive rewards through stacks, which are protocols that enable smart contracts in the Bitcoin system.
The mayor of this North American city recently stated in an interview conducted by FoxBusiness, that the city seeks to differentiate its economy by creating new technologies that allow for better technological development. As a result of the purchase of this cryptocurrency, the city of Miami would be generating significant profits valued in millions of dollars, Miami joins the recent group of countries that are betting on cryptocurrencies as a financial mechanism that will help strengthen its economy.
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Since last January, the mayor of Miami announced that he wanted to turn Miami into the center of technology and cryptocurrency startups, taking advantage of the fact that China has launched a campaign of restrictions against the process of mining cryptocurrencies and invited all miners to concentrate in the city of Miami to call it the capital of Bitcoin.
In conclusion, cryptocurrencies continue to be the subject of interest for many countries in the world beyond the various restrictions that a few countries have imposed on them, the fact here is that a country as important as the United States allows cryptocurrencies to continue their growth without any restriction allows the market to strengthen and generate confidence in its investors.
Greetings dear Professor Ruben @carlir, from my point of view, I find it interesting that the digital system continues to grow with projects like the one you mention, which gives us an idea of the future projections of cryptocurrencies and the market in general.
In the same way it makes me a lot of noise the fact of creating a new project and not working with some already established BTC, ETH, ADA among others, I do not know what would be more profitable for a society and city like Miami to start its own currency or to promote some already established. Thanks for the input.
Greetings @madridbg, certainly the projects that are emerging in cryptocurrencies give us an idea of the great development they are having, now well on whether it is better to bet on a project already underway or not is the decision of the interested parties, I think that goes more in own growth in this case of the city of Miami.
Greetings friend @carlir
Reading your publication I am convinced more and more that we are on the right path, I understand that many people may feel the fear, typical of ignorance, for the blockchain environment, but that many still speak of "bubbles" or "passing fads" frankly I do not understand.
Cryptocurrencies and blockchain in general provide an excellent platform for automation, decentralization and efficiency in processes, however it is the third of these characteristics that generates discomfort in power factors, I applaud the maturity of the Miami government for the decision you made and I thank you for sending us that information.
Have a great day!
Its fantastic news that Mami has decided to have their own Cryptocurrency and it proves that they are ready to adopt new form of technology that can empower the economy as well as it can make them grow into crypto space. I hope many more countries follow the trend so the crypto community grows faster.
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Greetings friend @alokkumar121, certainly cryptocurrencies continue to gain ground and more and more countries are investing in it in search of being able to consolidate their economy, because the technological era is here to stay.
Hi @carlir
I had not read about it, it is amazing this news. That being the case, I think Miami is going to give a lot to talk about in the coming months and years. If it really becomes the BTC capital, we may see an increasing migration to that city.
Let's see what happens in the times to come, but these things give an additional boost to the crypto world. Thanks for the info.
Hello friend @jesevas2017, very accurate in your comment, soon will migrate to this city many users who are engaged in mining cryptocurrencies, because the support that this important city in South Florida is giving to cryptocurrencies is very important. Very soon there will be more important news about this topic, we just have to wait.
Thanks for your comment.
I must say that cryptocurrency has been gaining massive interest in the recent time and we are beginning to witness them go mainstream.
For a place like Miami having their own cryptocurrency will tell you that crypto has come to stay.
I forsee a not-so-distant future where cryptocurrency will be adopted all over the world and the journey has already begun.
Nice one buddy
It's very prompt to know when major cities follow up with crypto, after they ve experimented it in ElSalvador and it's seems to work. Now, we're seeing some pretty Good results of in. There Will be no Time before it spreads worldwide hopefully
Greetings @racemlaadhar, very accurate your opinion El Salvador so far has done well with cryptocurrencies, just wait qeus e continue to consolidate and that other countries continue to allow its growth.
If there is any country supporting cryptocurrency then such country is ready for innovative growth, I really wish my country will adopt the same concept but the corrupt system of the country is fighting very hard to stop and prevent every atom of progress.
Hi @oluwatobiloba, really the country that decides to use cryptocurrencies in its economy is taking an important step in the consolidation of it, because cryptos have demonstrated that they are really valued in the market and can help any third world country to emerge.
cities adopting #crypto is good for sure however I am curious would it have miami specific use or would be more generic.
Any idea about this?