BusinessftxMiamiNBA

FTX Exchange In Talks To Sponsor Miami’s NBA Stadium

As Miami seeks to position itself as the world’s Bitcoin hub, a cryptocurrency exchange is reportedly ready to sponsor its NBA stadium.The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA franchise. If finalized, it would be the first major sports stadium to be named after a cryptocurrency business. Since the beginning of the COVID-19 pandemic, the City of Miami has dedicated itself to becoming a technological innovation hub. The Mayor, Francis Suarez, intends to create a Bitcoin utopia — a city in which the industry can grow, evolve and achieve its maximum potential. Alongside this, the city wants to expand its pool of technology industry talent. Miami Is Positioning Itself To Tackle The Issues Of Today Using BitcoinThe novel coronavirus pandemic brought major change to the face of the tech industry — remote work has altered the ways that nearly every technology company operates. With this, many have been relocating from previous tech hubs like Silicon Valley and New York City, to new territories previously undescribed in conversations about tech-oriented cities. This is where the City of Miami sees great opportunity — by jumping on the sudden influx of talent and a wave of interest in Bitcoin, Mayor Suarez is accelerating the exodus from the traditional, into a world rife with opportunities. “It’s part of a larger play if you will to position Miami as one of the …
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