Austin, the capital of the state of Texas, has reluctantly taken the big interest in cryptocurrencies and blockchain technology. It's well known that about a year ago, Texas has had a desire to lead the way for crypto innovation when Gov. Greg Abbot tweeted that he is a "supporter of the crypto bill proposal." This led the city to take additional steps to ensure the acceptance of cryptocurrency for city services.

On March 9, 2022, Austin City Councilwoman Mackenzie Kelly filed a resolution to direct the Austin City Manager to study potential cryptocurrency use cases for the benefit of Austin and its residents. The resolution specifically indicates that the city manager examine how the city could adopt Bitcoin and other cryptocurrencies for financial transactions.

Innovative cities across the United States are vying to become the next hot spot for cryptocurrency and blockchain adoption, Miami was the first city to adopt its own share of CityCoins last year. New York City has also been well praised as a crypto-friendly city by implementing educational initiatives and with Mayor Eric Adams receiving his BTC paycheck made in January of this year.

What will be the next city to adopt this initiative? What do you think?


Source: https://cointelegraph.com/news/is-austin-the-next-us-crypto-hub-officials-approve-blockchain-resolutions