Miami Becomes First City to Approve a Native Crypto, Here's How It Would Be Used

The US city of Miami has become the first city to approve a native cryptocurrency. The crypto token will be based on Bitcoin’s smallest unit “SAT” and would be called the Miami coin. Miami City Commission approved access to $4.3 million in Miami Coin. The token can be mined using Bitcoin mining apparatus and for every coin mined, the city mayor gets access to funds that can be utilized for improving the city.