As the popularity of crypto grows, it becomes the fourth largest city in Texas. Austin‘s mayor, Steve Adler, has also turned to the crypto space.
Web3Adler, who included the initiatives to introduce the city into the city’s ecosystem, Blockchain and cryptocurrency He proposed two new initiatives to bring units to urban infrastructure and business processes. It has been announced that the city council will evaluate the proposals on March 24.
The first initiative aims to introduce Blockchain in Austin and bring the technology into the city’s ecosystem.
To that end, the President directed web3 and blockchain to explore how he could use it in 20 different areas, from smart contracts to supply chain management and insurance to the arts, from fundraising to identity verification.
The second attempt involves leading the city manager to conduct a “study” to gauge how Austin might adopt a cryptocurrency. With these efforts, Adler likely wants to offer citizens to pay their bills with cryptocurrencies.
However, as part of this initiative, the city manager has to find ways to legalize the acceptance of Bitcoin or other cryptocurrencies as payment for municipal taxes and fines.
They’re looking for ways to mine their own city money
Finally Philadelphia officials announced that they are considering partnering with CityCoins to develop their own city coins.
If last year Miami The city had announced plans to launch a program in BTC to pay “dividends” to residents. New York City also announced its own city token (NYCCoin) a while ago.