The news comes from Florida: The City of Miami voted in favor of accepting the gift contributions generated by the MiamiCoin program, currently valued at 4.3 million dollars. The decision “represents a major milestone in Miami’s quest to become a crypto innovation hub. Funds that will directly impact the lives of all our residents”, wrote Miami Mayor Francis Suarez.

Where does this money come from? Basically, the city is earning nearly 5 million dollars from people creating its cryptocurrency. Backed by the independent crypto developer CityCoins, MiamiCoin was launched last August and allows users to mine coins to make money while supporting the city, as 30 percent of the yield is collected in a wallet reserved for the local government. At current rates, the equivalent of about 2,500 dollars is transferred into the city’s cryptocurrency wallet every 10 minutes, with an average of 35 miners competing to create MiamiCoin within the same period of time.

The Major explained the city is not yet going to spend the funds and a significant due diligence will be completed before confirming any investment. Among the uses that have been proposed for the funds there are programs to mitigate climate change, new initiatives for underprivileged communities, and crypto education and incentives for tech entrepreneurs.

An additional benefit of MiamiCoin is the possibility to enable decentralized applications, to be created by local stakeholders for the good of the community. Over a hundred developers are currently working on new applications using MiamiCoin’s open-source protocol for the ongoing MiamiCoin Makers Month hackathon.

Other US cities are carefully watching at Miami’s experience and craving that unexpected flow of incoming resources. Some state and local governments have already started pilot programs to leverage cryptocurrencies as payments methods for taxes and services.

Investment firm Blockchains LLC asked the state of Nevada the authorization to build a crypto-friendly Smart City in Storey County. The idea is to design a community entirely based on blockchain, with its own government, taxes, and courts, where only digital currency payments will be accepted for any good and service, both private and public.

While this project is yet to be started, the City of Williston in North Dakota accepts cryptocurrency payments for utility bills. It’s the first municipality in the State of North Dakota, and the third in the nation, to offer this service. “There are a number of advantages to utilizing these online payment methods including security, convenience, and cost savings,” explained Finance Director, Hercules Cummings.

And cryptocurrencies are making a strong entry even into the election for the next Mayor of New York City. The Republican candidate Curtis Sliwa disclosed his plan to make NYC the most crypto-friendly city in the US, making it possible to pay taxes, fees, and fines in cryptocurrency, and opening more ATMs for Bitcoin and crypto to encourage local businesses. Eric Adams from the Democratic Party is also in favor of New York as a hub for bitcoins.