Northwest Arkansas Offers $10,000 in Bitcoin to People Who Settle in The Region

Original author: Dimitar Dzhondzhorov

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The Northwest Arkansas Council has stepped into the world of crypto by giving away $10K worth of bitcoin to professional workers. The only condition: they have to settle in the region.

Move-in and Get Bitcoin

Northwest Arkansas is widely regarded as one of the top places to live in the United States due to its job opportunities and low cost of living. Despite its advantages, the region consists of mere 540,000 inhabitants.

To attract more individuals to settle in the area, the local authorities have launched a cryptocurrency program. According to it, tech professionals and entrepreneurs can apply for $10,000 in bitcoin if they move to live there. The President and CEO of the Northwest Arkansas Council – Nelson Peacock – presented more details on the offer:

“We’re offering remote tech professionals and entrepreneurs $10,000 in bitcoin to bring your talents to the region. Why bitcoin? Northwest Arkansas is experiencing explosive growth in the tech sector, specifically within blockchain-enabled technologies, and this incentive embraces the growing trend of cryptocurrency as a payment option by employers.”

It is worth noting that people could still choose to receive the $10,000 in cash instead of in the form of bitcoin. In addition, the authorities would also give away a mountain bicycle to those willing to call Northwest Arkansas their new home. The bike would help the newcomers as the area consists of hundreds of miles of biking trails that have made outdoor enthusiasts flock to this part of America.

The Missouri Mayor Vowed to Give $1,000 in BTC

Last summer, the Mayor of Cool Valley – Jayson Stewart – revealed intentions to give each of the town’s 1,500 residents either $500 or $1,000 worth of bitcoin. The politician, who called cryptocurrencies “digital gold,” opined that the asset class could transform the lives of the inhabitants and make them wealthy.

“I have friends whose lives have been completely changed, like going from working a regular nine to five job to being worth over 80 million dollars in a matter of a few years,” Stewart said at the time.

Nonetheless, his cryptocurrency plan came with a catch as recipients would not be able to sell the BTC for five years. Thus, residents would benefit the most as the price of the leading digital asset might hit “half a million dollars” by then, the mayor said.