Cryptocities: Utopia or Territory of the Future

There has long been a growing trend in developed countries toward greater independence in the management of individual cities. Due to the COVID-19 pandemic, the authorities of the countries had to undertake some unpopular measures, especially regarding the financial sector. Local governances came to think about how to tackle the issue of greater decentralization in management. Among these solutions could be cryptocities, an early initiative launched by crypto-enthusiasts and embraced by city mayors. In some places, it’s just the use of cryptocurrency in the financial system, and in others everything goes much more than that. In this article, we will examine what cryptocities are and when we can look out for them.

Continue reading “Cryptocities: Utopia or Territory of the Future”