A mayoral candidate in the Texas city of Lewisville is campaigning to raise funds for the city’s police force with cryptocurrency.
Cryptocurrency over Taxes
Four-time mayoral candidate Winston Edmonson has proposed the launch of a municipal cryptocurrency in the city of Lewisville as a means of funding the local police force without raising taxes.
Edmonson has named his cryptocurrency “Blue Coin” and has proposed an economic model which affords residents the ability to purchase tokens from the city which may be used for goods at participating businesses. The businesses interested in accepting the cryptocurrency as payment would give a certain percentage of that transaction to the Texas city’s police force. Notes the mayoral candidate: