The Northwest Council of the US state of Arkansas is offering a sum of $10,000 in bitcoin (BTC) to attract remote tech professionals to relocate to the region, according to the local newspaper. KNWA.

The region includes the cities of Fayetteville, Rogers, Bentonville and Springdale.

In addition to bitcoin, tech professionals who go to Arkansas will also win a bicycle.

“This expanded incentive offering (bitcoin and bicycle) not only welcomes the growing trend towards using cryptocurrencies as an employee payment option, but also helps to grow our talent pipeline to benefit tech employees, startups, cities, local businesses and the region as a whole,” said Nelson Peacock, chairman and CEO of the local council.

“Northwest Arkansas is one of the fastest growing regions in the country and we are now seeing more explosive growth in our technology sector,” he added.

However, if bitcoin and bicycles don’t impress a would-be tech professional heading to Arkansas, cash and an annual membership to an arts or cultural institution are other options.

The offer is made possible through philanthropic support from the Walton Family Foundation, which primarily focuses on improving education, protecting rivers and oceans, and investing in the northwest of the state. It was created by Walmart founders Helen and Sam Walton.

The Blockchain Center of Excellence

The Blockchain Center of Excellence at the University of Arkansas is very excited about the initiative.

The centre, which partners with the council, will provide technical expertise and support for blockchain-related technologies.

“We believe the next generation of talent is critical to further transforming our region into a hub for future innovators and technology companies,” said Mary Lacity, director of the center, in an interview with KNWA.

“We are excited to see our region lead the way with bitcoin and a bicycle and not only integrate new talent, but also generate interest in the important blockchain-focused work happening in our region.”

*Translated and edited by Daniela Pereira do Nascimento with permission from


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