{"id":230058,"date":"2022-04-06T04:30:04","date_gmt":"2022-04-06T03:30:04","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=230058"},"modified":"2022-04-06T00:49:19","modified_gmt":"2022-04-05T23:49:19","slug":"miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub\/","title":{"rendered":"Miami mayor reveals the formula for his city\u2019s success as tech hub"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Francis Suarez, Miami\u2019s mayor, believes the city\u2019s success as an upcoming tech hub is partially due to adopting crypto. He said this during an <\/span><a href=\"https:\/\/www.foxbusiness.com\/politics\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub?yptr=yahoo\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">interview<\/span><\/a><span style=\"font-weight: 400;\"> with Maria Bartiromo of Mornings with Maria on Monday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Suarez, crypto is part of Miami\u2019s transitional brand from a city that was great to visit or retire to what Financial Times refers to as the most important city in America. He added that Miami has been leaning into innovation through crypto. In doing so, it has helped get rid of the notion that some specified cities are the technological hubs of the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Suarez further noted that Miami has seen its venture capital increase by 200% year-over-year after embracing crypto. Moreover, this approach has helped the city move over $1 trillion in assets under management companies to its jurisdiction over the past 16 months.\u00a0<\/span><\/p>\n<h2><b>Bitcoin 2022<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Suarez added that Miami now hosts the largest crypto conference, Bitcoin Conference, after positioning itself as a crypto-friendly city.<\/span><\/p>\n<p><a href=\"https:\/\/b.tc\/conference\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin 2022<\/span><\/a><span style=\"font-weight: 400;\">, this year\u2019s event, will be held at the Miami Beach Convention Center. The event commences tomorrow and will run through April 9. The conference will feature keynote speeches from speakers like Salvadoran President Nayib Bukele, MicroStrategy CEO Michael Saylor, and Ark Invest CEO Cathie Wood, among others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commenting on the event, which is just hours away, Suarez said,<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">We are going to have 50,000 attendees and it\u2019s going to be an economic development boom for our city, creating thousands of jobs and millions of dollars in economic incentives for our city.<\/span><\/p><\/blockquote>\n<h2><b>Suarez continues pushing for Miami to embrace crypto on a larger scale<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Suarez\u2019s disclosure of the efforts that are helping shape Miami as a crypto hub comes as he continues advocating for the city to embrace crypto on a broader scope. As part of these efforts, he <\/span><a href=\"https:\/\/cryptoslate.com\/miami-mayor-volunteers-to-be-the-first-u-s-politician-to-take-salary-in-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">volunteered <\/span><\/a><span style=\"font-weight: 400;\">to become the first US politician to take his salary in Bitcoin (BTC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On top of this, he steered Miami toward launching MiamiCoin (MIA), the city\u2019s native cryptocurrency, which seeks to fund municipal projects by generating additional yields. MIA generated a revenue of $21 million within the first three months of going live. Based on this performance, Suarez projected that the coin has the potential to rake in $80 million annually.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result of MIA\u2019s outstanding performance, Suarez recently <\/span><a href=\"https:\/\/cryptoslate.com\/miami-residents-could-soon-receive-bitcoin-dividends-earned-through-miamicoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">said <\/span><\/a><span style=\"font-weight: 400;\">each Miami resident with a digital wallet would soon be eligible to receive BTC dividends earned through MIA.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Francis Suarez, Miami\u2019s mayor, believes the city\u2019s success as an upcoming tech hub is partially due to adopting crypto. He said this during an interview with Maria Bartiromo of Mornings with Maria on Monday. According to Suarez, crypto is part of Miami\u2019s transitional brand from a city that was great to visit or retire to [&hellip;]<\/p>\n","protected":false},"author":1296,"featured_media":230071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,107,10085,29],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami mayor reveals the formula for his city\u2019s success as tech hub<\/title>\n<meta name=\"description\" content=\"Since embracing crypto, Miami has seen its venture capital increase 200% year-over-year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami mayor reveals the formula for his city\u2019s success as tech hub\" \/>\n<meta property=\"og:description\" content=\"Since embracing crypto, Miami has seen its venture capital increase 200% year-over-year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-06T03:30:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-05T23:49:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/miami-tech-hub.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jinia Shawdagor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jinia Shawdagor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/miami-mayor-reveals-the-formula-for-his-citys-success-as-tech-hub\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jinia-shawdagor\/#person\",\"name\":\"Jinia Shawdagor\",\"url\":\"https:\/\/cryptoslate.com\/author\/jinia-shawdagor\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/jinia-shawdagor\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jinia-shawdagor\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/jinia-shawdagor-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/jinia-shawdagor-author-300x300.jpg\",\"caption\":\"Jinia Shawdagor\"},\"jobTitle\":\"Journalist\",\"description\":\"Jinia is a fintech writer based in Stockholm, Sweden. 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