Jayson Stewart, the mayor of Cool Valley, a small town in the US state of Missouri, has quickly become popular with his project to give Bitcoin to every household in the town in recent months.
In a recent interview, Stewart said that Bitcoin gave him a new way of thinking about the future and people, and he took a certain level of optimism and hope from Bitcoin.
Stating that they will give $500 worth of BTC to each household at the beginning of the project, President Stewart stated that things are going well and that the Bitcoin project is fully financed, and that they will give $1000 worth of Bitcoin to each household.
The enterprising mayor stated that the project was popular when he least expected it, and that they received more donations than they expected, and they plan to use the increased part of their financial resources for environmentally friendly projects related to the town.
Stating that there are some changes in the project, which started with the requirement to hold Bitcoin for a certain period of time, Stewart said that they have not yet decided on the process of how to distribute Bitcoin, but they will offer the residents of the town with a choice about Bitcoin.
In the updated plan, primarily residents of the town will be trained on Bitcoin. After that, residents who choose to hold Bitcoin for a long time are planned to be allowed to receive larger Bitcoin payments.
The mayor of Cool Valley makes a great contribution to the adoption of Bitcoin with his innovative projects and thoughts that can set an example for everyone. The interest in institutional Bitcoin, which started with El Salvador, continues to increase at the level of local governments.