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Cryptocurrency

7 Nov 2021

New York Mayor-Elect Eric Adams Hopes to see Crypto Paychecks for Everyone

The Index Today

New York Mayor-elect Eric Adams has said he aims to find more ways to make Bitcoin a common means of exchange and transform the city into an innovative financial hub. During a conference in Puerto Rico, he told reporters that he plans to receive his first three paychecks in Bitcoin.

The pledge was made after Miami Mayor also said he will take Bitcoin as his salary. Both renowned politicians are creating a strong platform to discuss cryptocurrency and encourage others to follow their lead. Adams further said, “This is a clear signal from me that I am not playing. We have become too afraid as a city we have become a culture of no. we turn down everything. This used to be a city where we led from the front.”

Since there is no mechanism for his salary to be transferred in the form of Bitcoins, Adams will convert his salary in to the cryptocurrency. He also aims to find new mechanisms to support Bitcoin payments and provide people options for payments. Eric Adams has been critical of his party in recent events and has urged fellow democrats to focus on the basics. “Americans and New Yorkers are not complicated. All they are saying is we do our job and pay our taxes, pick up the damn garbage educate my children, make sure I can go outside without someone robbing me.” He said.

©Photo: Angela Weiss | AFP | Getty Images

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