City Coin: Miami

Has made the city $7M to date, forecasts of some $60M to be realised over the next one year, revenues that will mitigate or replace some level of direct taxes. About a two minute read.

Comment: this is awesome, another use of blockchain technology — raising tax revenue — likely never foreseen by the tech’s original developers. Excellent.

Previously on Fintech Flash News

City of Miami launches its own cryptocurrency

called, naturally, MiamiCoin. Proceeds will be used to fund the police and perhaps other services. About a two minute read….

Fintech Facts

What is a Cryptocurrency?

Ok another basic definition you’ll need is Cryptocurrency. So let’s talk about it and make sure you’re up to speed.