MIAMI—The City of Miami is debuting its very own cryptocurrency to help raise additional funding for local projects.
Miami’s own form of cryptocurrency payment, MiamiCoin, is slated to make its debut this month, Local 10 News reported.
According to CityCoin’s official website for MiamiCoin, “MiamiCoin is the first CityCoin to market, [and is] built to support the Magic City while rewarding its holders through the Stacks Protocol.” CityCoin will be the service that launches MiamiCoin.
City of Miami Mayor Francis Suarez has been a proponent in pushing cryptocurrency and Bitcoin in the Magic City, Local 10 News said.