04 Oct 2021
Cryptoeconomics is moving into the mainstream
From Miami to Seoul, cities and countries across the globe are increasingly seeking to forge links to the blockchain.
Miami made history this month by accepting more than $7M in donations generated by MiamiCoin (MIA), operated by nonprofit CityCoins. San Francisco is expected to be the next launch. Meanwhile, Berkeley is considering the idea of ‘microbonds’, an alternative to municipal bonds managed via blockchain. In Nevada, Reno mayor and Chainlink “marine” is betting big on blockchain and announced plans for a Reno DAO and NFT platform on Tezos earlier this year. Elsewhere in the world, Seoul has revealed plans to launch S-coin—a digital currency for the local population; two Belgian cities allow people to pay parking tickets with BTC, and bitcoin ATMs are opening across Latin America. On a nation-scale, El Salvador recently became the first to adopt Bitcoin as a national currency. Meanwhile, five countries have implemented CBDCs, and 81 countries are considering them. For perspective, these countries represent more than 90% of the world's GDP.