Miami turns into the US crypto capital right before our eyes. It is not just that cryptocurrencies can be used in the city to pay for goods and services; Miami rapidly develops a full spectrum ecosystem of digital assets put to work for the benefit of Miami residents.
Miami Mayor Francis Suarez announced that the city has generated $20 million through MiamiCoin and the city will soon start to pay Miami residents dividends from MiamiCoin staking. The city expects the yield of about $1 million that will be distributed to residents.
The tricky part is to identify and verify Miami residents. After that they will be provided with Bitcoin wallets to which dividends will be accrued. However, it is not the only way people in Miami can benefit from digital assets.
The city is also a hometown of the first decentralized retirement platform in the US—Dorado IRA—that has recently launched its beta version. Dorado IRA enables people to allocate their retirement funds into various cryptocurrencies and other digital assets. Dorado clients also have complete control over their funds and investments.
Dorado IRA provides Miami residents and other Americans with powerful tools to hedge against financial risks, possible stock market crashes, and economic turmoil. And Miami thanks to Dorado, comes one more step closer to becoming the global hub for cryptocurrency.For more information, visit Dorado IRA’s website.