The sweepstakes is part of a larger strategy to promote financial literacy and Bitcoin education in the City of Miami.
Digital payment platform Paxful has partnered with nonprofit Built With Bitcoin Foundation and Miami Mayor Francis Suarez to drive a new educational initiative focused on Bitcoin (BTC) and financial education.
The initiative will distribute free Bitcoin 2022 conference tickets to local colleges and universities as part of a broader effort to improve 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 April 6-9 at the Miami Beach Convention Center.
General tickets for the event are currently selling for $899.
All I know is that @nayibbukele, @jackmallers, @allenf32 and I are trying to outdo each other to make big surprises at @TheBitcoinConf. — Samson Mow (@Excellion) March 16, 2022
Recipients will have access to the full conference agenda, which was released on March 15th. Featured speakers at this year’s event include Salvadoran President Nayib Bukele, MicroStrategy CEO Michael Saylor, US Senator Cynthia Lummis, entrepreneur Peter Thiel and Ark Invest’s Cathie Wood. Dozens of other Bitcoin influencers, entrepreneurs and investors will also headline the three-day event.
Ticket distribution is led by Venture Miami, a portfolio team brought together by Mayor Suarez to promote innovation, job creation and diversity in high-growth sectors such as information technology.
Related: MiamiCoin disbursement to fund rental assistance program, says Mayor Suarez
After learning about Bitcoin from crypto influencers like Tyler Winklevoss and Anthony Pompliano, Mayor Suarez made BTC adoption a priority in his second term. Suarez, who already receives a portion of his salary in BTC, announced in December that he also plans to receive a portion of his 401(k) payout in the top cryptocurrency.
I will receive my next salary 100% in bitcoin... problem solved! @ Sarasti can you help? https://t.co/v4YdPZ0tYc – Mayor Francis Suarez (@FrancisSuarez) November 2, 2021
Suarez has also established a program where Miami residents can earn a Bitcoin dividend. The program is being facilitated by the MiamiCoin cryptocurrency, which helps fund municipal projects generating returns. As of January 2022, MiamiCoin had generated over $21 million in excess returns for the city.