Residents Of Northwest Arkansas May Get $10,000 In Bitcoin

The Northwest Arkansas Council is ready to donate a $10,000 portion of bitcoin to professionals and entrepreneurs who move to the region.

Northwest Arkansas is a region in the U.S. state of Arkansas located in the northwestern corner of the state. It is home to some of the most popular tourist attractions like Crater of Diamonds State Park, Buffalo National River and The Ozarks.

The Northwest Arkansas region offers a variety of fun things to do, including shopping, dining, and sightseeing. Locals enjoy visiting other cities like Fayetteville, Bentonville, Rogers, and Fort Smith to change the scenery or find new experiences.

Despite its benefits, the area has a population of just 540,000 citizens. Now, local authorities have launched a program related to cryptocurrencies to attract more people to this place. As part of it, Arkansas is now offering $10,000 in Bitcoin to people who decide to settle there.

This incentive is designed to attract new residents and businesses to the area by offering them an opportunity for success. The council hopes that this will help create more jobs and opportunities for local residents.

Northwest Arkansas Council President and CEO Nelson Peacock gave the media more details about the program.

Experts and businesses will receive $10,000 in bitcoin for bringing their expertise to the area.

It is worth noting that people will be able to choose: $10,000 in cash or in the form of bitcoins. In addition, the authorities also offer as an alternative… mountain bike.

Last summer, Cool Valley Mayor Jayson Stewart also revealed his plan to give each of the city’s 1500 residents $500 worth of bitcoins, or simply $1,000. The politician, who called the cryptocurrency “digital gold,” believed that this asset class could change the lives of residents and make them rich.

Interestingly, the mayor also wanted to teach the city’s citizens to hodlowania. Residents could have received BTC, but they would not have been able to sell these funds for five years. Of course, in this way, they would probably benefit more than if they sold coins right away.

Read Also: The city of Rio de Janeiro will invest 1% of its budget in bitcoin

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