April 24, 2024

New York will launch its own digital currency

New York will launch its own digital currency

The launch of NYCCoin is scheduled for November 11.The cryptocurrency was developed by CityCoins, which issued MiamiCoin.Projectuses the Stacks protocol, built on the Bitcoin blockchain.

New York Mayor-elect Eric Adams confirmed the news in a tweet on November 8, stating that "the city will use technology and innovation to grow further."

Adams was elected Mayor of New York 2November. The new mayor will take office in early 2022. The Democrat is a longtime supporter of cryptocurrencies, he has already announced that he will receive the first three salaries in Bitcoin.

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Based on materialscointelegraph.com