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Flush with cryptocurrency, Miami wants to give every resident some bitcoin

  • 2 mths ago

The City of Miami plans to pay out city residents using $21 million in cryptocurrency that it’s been stashing away since August, Mayor Francis Suarez said on Thursday.

The plan, which will potentially require the creation of digital wallets for all of Miami’s 442,000 residents, is the latest step in the city government’s larger plans to embrace blockchain-based funding and digital service mechanisms.

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