Municipal Crypto Spreading Around the World, From California to Dubai

States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects. Campbell Harvey from Duke University told Cointelegraph that municipal cryptocurrencies could provide a mechanism to fund certain projects. According to Harvey:

“I think of it as, say, we need to build a new soccer field, given that we now have more boys and girls teams and the old field just can’t handle it. So, we need to build a new soccer complex. Maybe it’s got six fields. Could we issue like a crypto bond or currency where average people could actually buy into that?”

The minimum bond investment is $1,000, although they are usually sold in batches of $5,000. People who want to invest less simply cannot do it. Cryptocurrencies and tokens could be used for assets under $5 million…