Philly-branded cryptocurrency being considered as vehicle to fund civic projects
Philly is considering minting its own branded cryptocurrency as a way to help cover municipal expenses. Mayor Jim Kenney has given his staff the go-ahead to start exploring a partnership with CityCoins, a non-profit which creates cryptocurrencies that local governments can use to generate revenue. New York City and Miami are already have their own currencies with the firm.
Source: phillyvoice.com