{"id":204462,"date":"2021-11-12T14:00:26","date_gmt":"2021-11-12T14:00:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=204462"},"modified":"2022-01-20T19:55:22","modified_gmt":"2022-01-20T19:55:22","slug":"miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/","title":{"rendered":"Miami residents could soon receive Bitcoin dividends earned through MiamiCoin"},"content":{"rendered":"

Mayor Suarez of Miami has announced a unique way to mainstream Bitcoin. In an interview with Coindesk TV,\u00a0 <\/i>Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields earned on the city's Miami coin.<\/p>\n

In an interview held on November 11, Suarez said “We\u2019re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents.\u201d<\/p>\n

Popularizing Bitcoin Usage in Miami\u00a0<\/b><\/h2>\n

Mayor Suarez further stated that the leading purpose behind the idea of distributing Bitcoin yields to the residents of Miami is to make cryptocurrency accessible to more people.<\/p>\n

Launched in August 2021, the Miami coin was introduced to fund municipal projects by generating additional yields. The coin has grown immensely popular since then and has generated yields amounting to $21 million in three months. If the sum is annualized, it would amount to $80 million, which can compensate for one-fifth of the city's annual tax revenue.<\/p>\n

Built on an open-source protocol, Miami coin allocates 30% of its rewards to the city when it's either mined or bought. Mayor Suarez has also confirmed that the residents will not be required to own Miami coins to receive the free Bitcoin yield.<\/p>\n

Being an active crypto proponent, Mayor Suarez has always been known<\/a> to endorse Bitcoin publicly. Last week, Suarez along with New York's city mayor Eric\u00a0 Adam announced <\/a>their plans to accept their next paychecks in Bitcoin. In February, Suarez publicly declared <\/a>to transform Miami into a cryptocurrency hub by implementing progressive crypto laws and making the city more crypto-oriented in near future.<\/p>\n

Meanwhile, following Suarez's announcement to distribute free Bitcoin yields, the prices of Miami coins have recorded a surge <\/a>of 18% to a daily high of $0.02369489.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mayor Suarez of Miami has announced a unique way to mainstream Bitcoin. In an interview with Coindesk TV,\u00a0 Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields earned on the city’s Miami coin. In an interview held on November 11, Suarez said […]<\/p>\n","protected":false},"author":824,"featured_media":204461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,29],"tags":[60786],"post_folder":[],"acf":[],"yoast_head":"\nMiami residents could soon receive Bitcoin dividends earned through MiamiCoin<\/title>\n<meta name=\"description\" content=\"Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami residents could soon receive Bitcoin dividends earned through MiamiCoin\" \/>\n<meta property=\"og:description\" content=\"Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-12T14:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-20T19:55:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/miami-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Juhi Mirza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juhi Mirza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#person\",\"name\":\"Juhi Mirza\",\"url\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"caption\":\"Juhi Mirza\"},\"description\":\"Juhi Mirza is an archaeology major who is obsessive about blockchain\/Crypto technology and deems it to be the foundational philosophy of the future. 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