The Big Apple is going crypto.
New York City Mayor Eric Adams said Thursday that he wants the Big Apple to be “the center of crypto.”
“New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” Adams said in a statement.
“By using a cryptocurrency exchange like Coinbase, anyone paid in U.S. dollars can have funds converted into cryptocurrency before it’s deposited into their account.
Meanwhile, the Big Apple City Mayor has received his first paycheck in bitcoin and ether through Coinbase.
“Promise made, promise kept,” the mayor said, referring to his promise to receive his first three cryptocurrency payment checks.
Adams, who was elected in November, promised that he would accept his first three paychecks in cryptocurrency
By using a cryptocurrency exchange, anyone paid in U.S. dollars can have funds converted into cryptocurrency before funds are deposited into their account, the mayor’s office said.
A 61 year Eric Leroy Adams is currently serving as the 110th mayor of New York City. Adams served as an officer in the New York City Transit Police and then the New York City Police Department for over 20 years, retiring at the rank of captain.
(Reporting from New York)