Technically Philly: What are CityCoins? Philly’s CIO is looking into crypto to fund civic projects

Glowing dark background with bitcoin symbol.

The City of Miami recently began dabbling in CityCoin, a nonprofit and open-source protocol for trading cryptocurrency that’s netted the city almost $25 millionCity of Philadelphia Chief Information Officer Mark Wheeler thinks Philly could someday join in.

If you’re among the naysayers — such as Philly’s first-ever chief data officer — who think it’s bonkers for any city government to align its financial future with what could be a “gimmick,” if not something downright exclusionary, read on for why this civic leader thinks it’s at least worth exploring.

Read the full article.

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