NYC Mayor-Elect Eric Adams Says He Will Take First Three Paychecks in Bitcoin Cryptocurrency – NBC New York

What to Know

  • Mayor-elect Eric Adams introduced that he plans to take his first three paychecks as New York Metropolis mayor in cryptocurrency.
  • Adams made the announcement in response to a tweet by Miami Mayor Francis Suarez.
  • Suarez’s tweet got here the morning of Election Day, however Adams did not make his declaration till Thursday afternoon.

Mayor-elect Eric Adams introduced that he plans to take his first three paychecks as New York Metropolis mayor in cryptocurrency.

Responding to a tweet by Miami Mayor Francis Suarez, who mentioned he’ll take his subsequent paycheck completely in Bitcoin aiming to be the primary politician to take action, Adams mentioned: “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!”

Suarez’s tweet got here the morning of Election Day, however Adams did not make his declaration till Thursday afternoon.

Eric Adams, a 61-year-old Democrat and former police officer who might be New York Metropolis’s second Black mayor, defeated Republican Curtis Sliwa on Tuesday. He takes workplace on Jan. 1.

Adams pledged Wednesday to be a sensible and progressive mayor who will “get stuff done” for the nation’s largest metropolis.

However what precisely is Bitcoin? According to NBCNews.com, it is one type of digital currency, or “cryptocurrency,” dreamed up by an nameless inventor (often called Satoshi Nakamoto) in the aftermath of the 2008 monetary disaster.

“Think about digital currencies like viewing your checking account balance online — you see the number on your screen, but you don’t have the bills in your hands,” NBC News explained in a previous report

Final month, CNBC reported {that a} battle is brewing amongst states to draw Bitcoin miners, and new information reveals that an entire lot of them are headed to New York, Kentucky, Georgia, and Texas.



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