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Cool Valley Mayor Jayson Stewart has petitioned to give each resident up to $1,000 in Bitcoin. But, the deal comes with a catch.

Residents of a little-known Missouri town could become the first in the nation to dole out cryptocurrency to its residents. That dream could become a reality if the Mayor of Cool Valley, Jayson Stewart, has his way. According to KSDK News, Stewart has begun to raise funds in order to give the town’s 1500 or so residents a crash course in cryptocurrency by giving them $1,000 in BTC each.

Stewart thinks that holding digital currency could transform the town substantially in years to come. “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,” the Mayor says. He adds that most of the capital to fund the project will be donated from several anonymous Bitcoin investors. “I have some very supportive donors who have agreed to match any money that I raise up to several millions of dollars,” says Stewart.

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