What Is MiamiCoin? | CoinMarketCap

As such, welcoming MiamiCoin as an additional revenue stream and a way of raising the city's profile as a crypto mecca has been a no-brainer.

For example, Miami's citizens and businesses may invest in MIA and hold to incentivize the city to also hold and drive up its price. Alternatively, they may suggest that the city invests the funds in infrastructure and services. If revenues are used to the citizens' benefit, this could create a virtuous circle of growth.

Hemang Subramanian, associate professor of information systems and business analytics of FIU, pointed out thatto the state and help solve long-term liquidity problems. However, he also warned that early adopters andcould accumulate so much of the coin that they wield too much influence over the city's revenues.

However, with the correction in the crypto markets, the price of MIA also dropped, and Suarez announced on Feb. 2, 2022, thathttps://twitter.com/FrancisSuarez/status/1489009285447262211?s=20&t=QWXtrHY3xl3BgZD9q6NEYA

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