NYC To Launch Its Own Cryptocurrency, NYCCoin Minting To Kick Off This Wednesday

NYC, New York City’s mayor-elect Eric Adams is making bold moves into making NYC a new crypto hub.
Furthermore, it seems the incoming mayor is making serious plans and moves to launch a city token NYCCoin.

Recall, Last week, NYC mayor-elect Eric Adams starts off a healthy competition with Miami Mayor Francis Suarez. Of course, this comes as Adams hails Miami’s approach towards crypto. Also, and its efforts into launching the MiamiCoin.

Additionally, on the same vein, NYC mayor plans to launch their native cryptocurrency, NYCCoin. Of course, CityCoins working on the Stacks protocol is taking up the task to develop the token.
Notably, CityCoins also works for Miami in launching its native crypto, which helps the city generate $10 million in revenue for Miami City.

According to Patrick Stanley, a CityCoins community lead, speaking to Bloomberg

“We voted on what city should be next”.
“After Mayor Adams spoke last week, “the community to decided to activate NYC.”

Also, Stanley reveals that NYCCoin will kick off starting Wednesday, November 10.

“Every 10 minutes the city earns money for the sheer fact that NYC Coin exists…”
“The wallet will get filled with Stacks and they”
“can spend the Stacks or the yield the Stacks generate”.

Lastly, NYC Mayor-Elect Eric Adams also announces this latest move and their entry to Web 3.0.

“We’re glad to welcome you to the global home of Web3!…”
“We’re counting on tech and innovation to help drive our city forward.”

— Eric Adams (@ericadamsfornyc) November 8, 2021