Miami, the capital of the world of digital currencies?

LogitechMouse

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Digital currencies are kinda broad in general because you can consider your money in Paypal as digital currency right?? My money that is can be accessed online is considered digital currency right?
At least re-iterate your subject topic to "the capital of the world of cryptocurrencies" so that it will be just on crypto not digital currency as a whole

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Well, cryptocurrencies are becoming a trend already and it started when it went up so much in the past months and in 2020. Its true that the Mayor of Miami has been vocal with his support towards Bitcoin but it doesn't mean that it is already the capital. ATM's doesn't matter much at least for me because we've already seen many ATM's globally but there is only a few percent of the people around the world who either knew or using Bitcoin.

Quote from: ?? on ??

What about El Salvador? Soon everything will change.

They are the first one who made the move by accepting Bitcoin. I just hope that this move by them will create a domino effect and more and more countries (at least the small countries) will try to do the same

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masterrex

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I find it more interesting information, But I think Maimi is not new in the crypto scene In fact Miami was regularly hosting big crypto-related events in the previous years that's why I presume Miami is already a crypto-friendly city in the US since then. But based on that proclamation from the City Mayor it means that the city government of Miami has already recognized Bitcoin and other cryptocurrencies as a legal tender alongside the US$dollar.

verita1

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Miami has many advantages to be a world reference crypto hub for being an international city with an important banking, hotel and tourist infrastructure and blockchain technology is asking to be present as well.
That is why Miami Mayor Francis Suarez needs to meet the community that will support him on this journey.
Very good news that the United States leads with the largest number of bitcoin ATMs in the world.

Renampun

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Quote from: mr_ROBOTT on June 11, 2021, 11:18:59 AM

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I really like this data, I hope the cryptocurrency adoption fever can reach my country...

mayor of miami, I have great respect for you. you really take your city 1000 steps ahead of other cities around the world. El Salvador is also a great country, accepting Bitcoin as a legal tender is a wise decision.

dkbit98

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Florida and city of Miami are really leading the way of normal life not just in America but in all world, supporting Bitcoin and freedom with less stupid restrictions and regulations.
Other states and cities around the world should follow their example because we don't need more stupid politicians who are blindly following orders from their masters.
If El Salvador can have Bitcoin as legal tender so can other countries, as I don't see any other way to fight inflation than owning some Bitcoin with Gold and Silver, and lot of people may soon end up with worthless papers in their hands if they don't think on time.

aysg76

legendary

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Actually your title is misleading and contradict your findings because digital currencies and btc have some differences like decentralisation.Moreover Miami mayor Francis Suarez is Bitcoin enthusiast not the whole crypto market like altcoins.He has pledged to make Miami Bitcoin hub like paying salaries to employees and taxes in bitcoin which is different from your digital currencies which you know.Bitcoin and other cryptos have huge difference among them and you are referring to all the coins as digital which is not right point.Bitcoin ATM's are installed at many places where crypto is not even recognised at high level so what have he allowed? Miami is say at this time becoming btc hub like this year Bitcoin conference was held in Miami and Mayor welcomed all the guests there which shows his true support to the currency.You should not mix CDBC with these cryptocurrencies.

Obito

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It don't surprise me that it's USA but I don't necessarily agree that Miami is the capital for digital currency, there's South Korea and Tokyo or Shenzen, these cities are much more technology inclined than Miami.

peter0425

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Looks like the list will change sooner as EL Salvador is not considering Bitcoin as legal tender for sure they will installed tons of Bitcoin ATM all over the place.

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But indeed that Miami Mayor is a 1000% supported of bitcoin from the releases comes from himself since he steps in as Mayor of that State.

mr_ROBOTT

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Quote from: nightrider on June 11, 2021, 06:33:02 PM

Right. Miami Mayor Francis Suarez shares tangible paths to expanding Bitcoin adoption citywide, including allowing city employees to be paid in BTC. Mayor Suarez said that due to the rise in popularity of cryptocurrencies in society, he wants to do everything he can to make Miami a Bitcoin-friendly city.

If Miami becomes a Bitcoin-friendly city, we have to wait for the price of bitcoin to rise! When bitcoin trading volume in a crowded city like Miami increases, prices will definitely rise.
Certainly, if this is done successfully, Miami can have a city based on the bitcoin system, and perhaps the generations after Francis Suarez will thank it.

mr_ROBOTT

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Quote from: avikz on June 11, 2021, 11:52:23 AM

It's great to see a list of progressive nations with progressive leaders. Unfortunately, my country with a fascist leader and regressive mindset couldn't make it to the list. They even arrested a crypto exchange owner for installing a crypto ATM. But that's another matter. I sometimes wonder how much contrast we get to see in the same world where we all live. That's why in a progressive nation we always see stories of prosperity and in regressive nations, we see stories of horrific incidents and wealth distribution inequality.

El Salvador is the new entrant to this list but the mayor of Miami deserves a special mention most definitely. He turned around the mindset of the city residents towards crypto through visionary reforms.

This is the country in which my family lives, and they impose severe restrictions on them, from dealing with digital currency miners to banning exchange offices from buying and selling digital currencies.
Let us wish that all countries become like El Salvador.

pooya87

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First of all "digital currencies" is a much bigger category that includes any currency that is "digital" like PayPal for example.
Secondly these are bitcoin ATMs not digital currency ATMs and I don't even think you can buy altcoins from them.
And finally mayor of Miami "allowing" ATMs in his jurisdiction doesn't magically make Miami "capital of the world of cryptocurrencies"! In case you didn't know there has been lots of ATMs in different jurisdictions and different countries. Not to mention that ATMs don't really matter much, adoption matters and adoption is eased if the government accepted bitcoin as a currency or as legal tender and stopped charging huge taxes each time you use bitcoin, instead of making meaningless gestures such as this one.

GoodLuckToken

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It doesn't surprise me to see the US with over 1000 bitcoin atms..But, seeing Miami being so progressive towards it does. I would think San Francisco/Silicon Valley or New York City would be in the top spot as they're larger or more "technically savvy." Florida has a republican governor which makes it even more surprising to see Miami doing all of that. It's great, though! I'd love to start seeing other cities allow you to pay taxes with crypto.

Wexnident

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He was pretty interested in it afaik. There were quite a few articles of him supporting cryptocurrency, notably, the one thing I remembered is that he wanted Miami to be the "next wave of innovation". Most news I've heard of dated back around 3 months ago I think?

Quote from: mr_ROBOTT on June 11, 2021, 11:18:59 AM

This happened after El Salvador accepted bitcoin as one of its payment systems, and it seems that we should see increasing demand for digital currency payment systems in various cities and countries every day.

Well, that is if the governing body even accepts Bitcoin as payment in the first place. There are still a lot of skeptical ones and probably a lot that doesn't even know of it, that or they can't implement it due to various reasons. I'd also like to think that they could, but well, circumstances offer that well, they can't.

GreatArkansas

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Quote from: Dave1 on June 11, 2021, 08:46:29 PM

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And we have to thank the Mayor, he has been very bullish on bitcoin lately and do we hope that other mayors will also follow what he has started. Wouldn't hurt isn't it?

It is very possible that other cities will follow, not only Miami.
I can relate this with what happened in El Salvador, it's like a virus that is spreading. I am positive that in the next short period of time, there will be another country that will do what El Salvador did and that is what I am looking forward to in Miami too. Miami will become a model.

Darker45

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Quote from: mr_ROBOTT on June 11, 2021, 11:18:59 AM

Statistics from countries that use digital currencies as part of their daily payments are not small.

Probably very small if put in comparison with the opposite, insignificant even. However, I am interested to see some figures which somehow prove that there is indeed high stats in so many countries as far as day-to-day cryptocurrency spending is concerned. Surely, though, cryptocurrency or Bitcoin ATMs and how widespread they are cannot be made as a measure as to the level of use of cryptocurrency or Bitcoin in daily payments.

bittraffic

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Kickstarting the adoption of digital currencies is still a good initiative since most of the finance guys are predicting crypto is going to be at the forefront of the financial crisis that is currently going on.

The innovations in cryptocurrencies are fascinating than just sticking to the old system, the FED is not even talking about going back to the gold standard. There is nothing to lose for Miami and just like El Salvador, there is nothing to lose.

Dave1

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Yes, this is really a welcoming news, but as far as capital of the world digital currencies, I would say Singapore will be on the top of the list. The thing though is that it is Miami, one of the biggest cities in the USA that's why it has gain so much traction in the media.

And we have to thank the Mayor, he has been very bullish on bitcoin lately and do we hope that other mayors will also follow what he has started. Wouldn't hurt isn't it?

nightrider

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Right. Miami Mayor Francis Suarez shares tangible paths to expanding Bitcoin adoption citywide, including allowing city employees to be paid in BTC. Mayor Suarez said that due to the rise in popularity of cryptocurrencies in society, he wants to do everything he can to make Miami a Bitcoin-friendly city.

BIT-BENDER

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Quote from: avikz on June 11, 2021, 11:52:23 AM

It's great to see a list of progressive nations with progressive leaders. Unfortunately my country with a fascist leader and regressive mindset couldn't make to the list. They even arrested a crypto exchange owner for installing a crypto ATM. But that's another matter. I sometime wonder how much contrast we get to see in the same world where we all live. That's why in a progressive nation we always see stories of prosperity and in regressive nations we see stories of horrific incidents and wealth distribution inequality.

El Salvador is the new entrant to this list but the mayor of Miami deserves a special mention most definitely. He turned around the mindset of the city residents towards crypto through he visionary reforms.

Counties are promoting crypto-currency, but I want to understand that this is pure and not patronage for the government interests, from what I have read El-salvador has opened to it's citizens an option that being crypto-currency, that will make payment less of a problem.
Hearing stories including that of Bitcoin ATM installation I get angered with the mentality of some government, including mine, I think countries deep rooting themselves to crypto-currency are countries with a vision, and interested in the concerns of it citizens.

Review Master

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Soon, more and more countries will follow others and adopt bitcoin. Eventually, number of atm will increase day by day.

Quote from: avikz on June 11, 2021, 11:52:23 AM

It's great to see a list of progressive nations with progressive leaders. Unfortunately my country with a fascist leader and regressive mindset couldn't make to the list.

Same for my country, but hoping to see some major steps towards cryptocurrency as private blockchain is supported in here. Soon, they might consider public blockchain aka cryptocurrency. Moreover, news media is having bad impacts on this by making clickbait/misleading news title about it. Lets see what happen next.

Topic: Miami, the capital of the world of digital currencies? (Read 247 times)