New York City major-elect Eric Adams has revealed he will get paid in Bitcoin (BTC) for his first three mayoral paychecks when he gets formally inaugurated on January 1 2022.
Adams said on Twitter that he believes “NYC is going to be the centre of the cryptocurrency industry and other fast-growing, innovative industries” during his tenure and then told his followers to “just wait” to see what he has planned.
In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
— Eric Adams (@ericadamsfornyc) November 4, 2021
Adams has since vowed to match Suarez’ ambitions with cryptocurrencies within Miami – which was the first to set up a so-called ‘CityCoin’ token named MiamiCoin.
“He has a MiamiCoin that is doing very well. We’re going to look in the direction to carry that out,” said Adams in a recent interview with Bloomberg.
CityCoins were also the focus of Ethereum co-founder Vitalik Buterin’s most recent blog post, which focused on the development of city tokens, the use of blockchains and transforming how governance is carried out using DAOs.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.