Miami to Become First City to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens

Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken on June 7, 2021. Edgar Su/Reuters

Miami will soon become the first city in the United States to give its residents some of the gains from its new cryptocurrency, Mayor Francis Suarez said Thursday.

Speaking during an interview with CoinDesk TV, Suarez said the city is creating a way to make digital wallets for citizens to distribute the “bitcoin yield.”