The giveaway is part of a broader strategy to promote financial literacy and Bitcoin education in the City of Miami
Digital payment platform Paxful has partnered with nonprofit organization Built With Bitcoin Foundation and Miami Mayor Francis Suarez to advance a new education initiative centered around Bitcoin (BTC) and financial literacy.
The initiative will disburse free tickets to the Bitcoin 2022 conference to local colleges and universities as part of a broader effort to enhance financial literacy among minority and underserved communities in Miami. Up to 500 students and local residents will receive a ticket to attend the conference, which is scheduled for Apr. 6-9 at the Miami Beach Convention Center.
Currently, general admission tickets for the event are being sold for $899.
Recipients will have access to the conference’s full agenda, which was unveiled on March 15. Notable speakers at this year’s event include Salvadoran President Nayib Bukele, MicroStrategy CEO Michael Saylor, United States Senator Cynthia Lummis, entrepreneur Peter Thiel and Cathie Wood of Ark Invest. Dozens of other Bitcoin influencers, entrepreneurs and investors will also headline the three-day event.
The ticket giveaway is being spearheaded by Venture Miami, a portfolio team that was assembled by Mayor Suarez to promote innovation, job creation and diversity in high-growth sectors such as information technology.
After learning about Bitcoin from crypto influencers like Tyler Winklevoss and Anthony Pompliano, Mayor Suarez has made BTC adoption a top priority in his second term. Suarez, who already receives a portion of his salary in BTC, announced in December that he plans to take a part of his 401(k) payout in the flagship cryptocurrency as well.
Suarez has also set up a program where Miami residents can earn a Bitcoin dividend. The program is being facilitated by the MiamiCoin cryptocurrency, which helps fund municipal projects by generating yields. As of January 2022, MiamiCoin had generated more than $21 million in excess yields for the city.