Italy and Crypto: Naples Mayor Talks About City's Focus Group to Promote Blockchain and Possible Municipal ICO

Another group will study the issue of transparency from a "Private" point of view instead.The focus groups won't deal with just public administration, but also the businesses of the city - the beating heart of its economic life.

There is also talk about fundraising for projects necessary for the city and even about an ICO aimed at developing a city cryptocurrency.

According to the mayor's associate, the focus group could indeed create a new cryptocurrency, designed to promote transactions between public administration and citizens, but also contribute to the city's economy with many different projects.

"What would happen if the city of Naples would receive a Bitcoin donation?".

Vision of the MayorCointelegraph spoke with Luigi de Magistris, mayor of Naples, to better understand the vision of the city council about the project.

Combining traditional economy with a new economy based on cryptocurrencies could lead to a huge economic potential for over 3.5 million residents of the metropolitan city of Naples.

In the last few years Naples has become the Italian city with the fastest-growing tourism sector, our airport is the first in terms of traffic, Naples is the most searched city for tourism on the web.

An economy based on the historical and social value of the city of Naples.

Blockchain and city administrationsThe future of the economy and public administration could be dramatically changed thanks to the potential of blockchain technology and cryptocurrencies.

Now there is also the southern Italian city of Naples that joined the innovative movement which is spreading throughout the world.