Miami and New York race to become the country’s crypto capital : NPR

Left: Miami skyline Right: NYC skyline. Miami and New York City are competing to become the country’s crypto capital.

Lynne Sladky/AP; Patrick Smith/Getty Images


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Lynne Sladky/AP; Patrick Smith/Getty Images


Left: Miami skyline Right: NYC skyline. Miami and New York City are competing to become the country’s crypto capital.

Lynne Sladky/AP; Patrick Smith/Getty Images

When Blockchain.com was looking for a new home for its U.S. headquarters, it decided to leave New York and move to downtown Miami.

“New York is a great city,” says Peter Smith, the cryptocurrency company’s co-founder and CEO. “But Miami was an easy choice for us.”

Miami’s vibrant nightlife and warmer weather were certainly a draw, but according to Smith, the decision ultimately came down to the city being better aligned with his company’s goals.

“It’s the gateway to Latin America,” he says. “It’s on the East Coast time zone. And more importantly, it’s probably the most excited city in the world…

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