The mayor of NYC, Eric Adams, converts the first salary check via Coinbase in Bitcoin and Ether -

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The Mayor of NYC, Eric Adams, converts the first salary check via Coinbase in Bitcon and Ether for

The Mayor of New York City, Eric Adams, received his first salary check in Bitcoin and ether via Coinbase. "Promised, promise kept," said the mayor, referring to his promise to take his first three salary checks in cryptocurrency.

Mayor of New York City accepts salary check in cryptocurrency with the help of Coinbase

The Mayor of New York City, Eric Adams, has redeemed his promise to be paid in Bitcoin. In a video that he posted on Twitter on Thursday, the mayor said:

promised, promise. I made my first check in Bitcoin and Ethereum.

"This is a reason to highlight. New York has to be the center for innovation and new ideas. I want my young people to be successful in all industries," emphasized the mayor.

The official website of the city of New York also announced on Thursday that Mayor Adams will be “received [his] first salary check in cryptocurrency.”

The mayor's first salary check "is automatically converted into cryptocurrency via Coinbase ... before the funds are provided", it says in the announcement and adds that "the salary is converted into Ethereum and Bitcoin".

Mayor Adams announced in November last year that he would take his first three salary checks in Bitcoin. However, the city explained:

Due to the provisions of the US Ministry of Labor, New York City cannot pay for cryptocurrency. By using a cryptocurrency exchange, anyone who is paid in US dollar can have money in cryptocurrency converted before funds are paid into their account.

Mayor Adams commented on Thursday: "New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations ... At the top of such innovations will help us to create jobs, improve our economy and continue to do this for talents from all over the world."

He also said in November that he will Note that Bitcoin is a new type of payment of goods and services.

At the beginning of this month, if the price of bitcoin fell to the level of 41,000 $, the mayor said the best time to buy if you go down again if you get a good profit. "

What do you think that the mayor of NYC, Eric Adams, converts his salary check into cryptocurrency? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.


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