- Through the Life Works Here initiative, the city of Northwest Arkansas seeks to encourage people to move to the region by giving them $10,000 in BTC.
- This initiative began in 2020 but the $10,000 dollars were delivered in fiat money, attracting the interest of more than 35,000 people from 115 countries and 50 states within the United States.
- With BTC they expect even more technology stakeholders.
By area, the United States is the fourth largest country in the world only behind Russia, Canada and China. By number of inhabitants, it is third only surpassed by China and India. However, as in many cases, its population is concentrated in the large metropolises, which is why there are regions of the country with low population density.
Northwest Arkansas is a metropolitan area within the state of Arkansas, located in the south center of the country and that militates with the Ozark mountains, currently known for the famous Netflix series that bears the same name.
This city has just over half a million inhabitants, but the authorities consider that there is a lack of population and that is why they implemented a very innovative program that is why pFor any worker who wants to move to the area, the government will give them $10,000 in Bitcoin and a bicycle.
This measure seeks to attract technological talent interested in digital money and also young entrepreneurs with growth potential. It is the first city in the United States to carry out a dynamic of this type.
Nelson Peacock, President and CEO of the Northwest Arkansas Council, noted in a statement that Northwest Arkansas is one of the fastest growing regions in the country and at the same time the city is experiencing explosive growth in the technology sector.
“This expanded incentive offering (Bitcoin and a bike) not only embraces the growing trend toward employers using cryptocurrencies as a payment option, but also helps grow our talent pipeline to benefit tech employers, startups, cities, local businesses and the rest of the worldPeacock added.
Life Works Here
The initiative that bears the name of Life Works Here was launched in November 2020 with the economic incentive of $10,000 dollars (in fiat money), plus the bicycle, and was a success from the beginning. They received the interest of more than 35,000 people from 115 countries and 50 states within the United States. With the Bitcoin offer they hope to attract even more technology stakeholders.
Those interested in moving to Northwest Arkansas will need to meet certain requirements. Applicants must live outside the state of Arkansas, be over the age of 24, be eligible to work and live in the United States, and have a full-time remote job or self-employment with an income that allows them to live in the United States. country.
Those chosen will have to count on the possibility of moving to their new home within six months of acceptance. With this, Northwest Arkansas is not only looking to increase the population, but also aims to become a major crypto hub.
US cities interested in Bitcoin
It is not the first city in the United States in that search. Miami, for example, dreams of being the crypto capital worldwide, as its mayor has insinuatedFrancis Suarez.
Suarez has long been an ardent fan of cryptocurrencies. Eight months ago he posted the following message, backing digital assets over the US dollar itself.
“I bought Bitcoin and Ethereum and literally bought it the day the 1.9 trillion spending bill passed the Senate and went to the President’s desk. If the federal government is going to spend 1.9 trillion, then I think I need to have some Bitcoin, because it’s definitely going to go up.”, He said.
The Northwest Arkansas proposal today sounds disruptive and progressive, but it wouldn’t be surprising to see more cases like this in the future. This bet on cryptocurrencies in the United States does not seem to be the last.
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