While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” However, after reaching $0.05 per unit on September 20, 2021, the crypto asset miamicoin has shed more than 88% in value against the U.S. dollar.
City of Miami Receives First Disbursement From Miamicoin Project Totaling $5.25 Million
A new coin called miamicoin (MIA) aims to benefit the Sunshine State’s bustling city as it rewards holders via the Stacks protocol. Miamicoin was built using the Stacks protocol, a smart-contract network built on top of the Bitcoin (BTC) blockchain. In December 2021, Francis Suarez spoke with Bloomberg Television and he explained he was seeking to expand the use of crypto assets across the city of Miami. Months later, on Februa
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