After Bitcoin 2022, Miami’s mayor stands by pro-crypto vision
MIAMI – During This Week In South Florida on Sunday, Miami Mayor Francis X. Suarez said cryptocurrencies continue to present big opportunities for the city, and the local tourism industry and the real estate market have felt the impact.
Suarez said CityCoin, a venture that is not affiliated with the city and is not a public-private partnership, is behind MiamiCoin. Stacks, a cryptocurrency financial services company that enables smart contracts on the Bitcoin network, developed CityCoin which has nonprofit-run cryptocurrencies.
Suarez, 44, said the city-branded crypto (valued at $0.002545 on Sunday) has already provided a “mining benefit.”