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New initiative aims to boost digital currency awareness, partnerships, and sustainable mining efforts

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Release: 2024-07-17 00:08:31
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The city of Santa Monica has unveiled an official Bitcoin office to enhance the monetization and awareness of digital assets among its citizens

New initiative aims to boost digital currency awareness, partnerships, and sustainable mining efforts

Santa Monica has officially opened a Bitcoin office in partnership with bitcoin nonprofit Proof of Workforce to educate residents about Bitcoin, its principles, and the advantages of digital currencies.

The Bitcoin office will also work to identify and facilitate Bitcoin partnerships that support the city's economic recovery and growth, while attracting a global Bitcoin conference and tourism industry.

Additionally, the office will aim to foster remote and local career opportunities for Santa Monica residents and students, and use stranded city generated renewable energy to explore environmentally neutral bitcoin mining.

“Santa Monica continues to lead in innovation, living up to our legacy as Silicon Beach. Last night the City Council moved forward with a partnership with @workforcebtc to educate the community about #bitcoin and seek opportunities for economic benefits. More details to come,” the City of Santa Monica posted on X (formerly Twitter).

The initiative is expected to foster general acceptance and utilization of Bitcoin in the city. Recently, Santa Monica firefighters adopted self-custody of Bitcoin, possibly reflecting the city's growing interest in the cryptocurrency, Cryptopolitan reported.

Proof of Workforce founder Dom Bei announced plans to display Bitcoin visuals on the Santa Monica Pier to celebrate the office's opening, Cryptopolitan also reported.

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source:kdj.com
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