Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement.
New York City has also made a name for itself as a crypto-friendly city by implementing educational initiatives and with Mayor Eric Adams receiving his paycheck in Bitcoin (BTC) in January this year.
Austin takes a strong stance
Most recently, Austin — the state capital of Texas that goes by the slogan “Keep Austin Weird” — has taken a strong interest in cryptocurrency and blockchain technology. While Texas’ desire to lead the way for crypto innovation was established about a year ago when Governor Greg Abbot tweeted that he is a “crypto law proposal supporter,” the city of Austin has taken additional measures to ensure the acceptance of cryptocurrency for city services.
On March 9, 2022, Austin city council member Mackenzie Kelly put forth a resolution to direct the Austin city manager to explore possible use cases of cryptocurrency to benefit Austin and its residents. The resolution specifically asks for the city manager to examine how the city could adopt Bitcoin and other cryptocurrencies for financial transactions.
Kelly told Cointelegraph that her resolution directs the city manager to conduct a fact-finding study to determine what would be required for the city to accept Bitcoin or other cryptocurrency payments for city services:
Continue reading: https://cointelegraph.com/news/is-austin-the-next-us-crypto-hub-officials-approve-blockchain-resolutions
New York City has also made a name for itself as a crypto-friendly city by implementing educational initiatives and with Mayor Eric Adams receiving his paycheck in Bitcoin (BTC) in January this year.
Austin takes a strong stance
Most recently, Austin — the state capital of Texas that goes by the slogan “Keep Austin Weird” — has taken a strong interest in cryptocurrency and blockchain technology. While Texas’ desire to lead the way for crypto innovation was established about a year ago when Governor Greg Abbot tweeted that he is a “crypto law proposal supporter,” the city of Austin has taken additional measures to ensure the acceptance of cryptocurrency for city services.
On March 9, 2022, Austin city council member Mackenzie Kelly put forth a resolution to direct the Austin city manager to explore possible use cases of cryptocurrency to benefit Austin and its residents. The resolution specifically asks for the city manager to examine how the city could adopt Bitcoin and other cryptocurrencies for financial transactions.
Kelly told Cointelegraph that her resolution directs the city manager to conduct a fact-finding study to determine what would be required for the city to accept Bitcoin or other cryptocurrency payments for city services:
Continue reading: https://cointelegraph.com/news/is-austin-the-next-us-crypto-hub-officials-approve-blockchain-resolutions
