Miami mayor says residents will get MiamiCoin proceeds…

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MIAMI (AP) — Miami’s mayor says he plans to distribute the proceeds from the city’s cryptocurrency to residents.

Mayor Francis Suarez said Thursday during an interview with a cryptocurrency news site that he was planning to convert the millions of dollars in proceeds MiamiCoin has created into a Bitcoin “dividend.”

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“We’re going to be the first city in America to give a Bitcoin yield as a dividend directly to its residents,” Suarez said in the inteview with “We’re going to create digital wallets for our residents, and we’re going to give them Bitcoin directly from the yield of MiamiCoin.”

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