Although Adams joined the group of mayors who would receive their payment in Bitcoin, information published by New York indicates that the consignment is about to happen in BTC and ETH through Coinbase.
New York City Mayor Eric Adams receives his first public office paycheck in Bitcoin (BTC), just as he promised in late 2021.
Although Adams had already anticipated that he was completely open to this possibility and that it would be something that was about to happen, this time, it was the New York City mayor’s office the entity that confirmed the situation. It revealed on its website that the remuneration to the mayor would happen through Coinbase.
Most of Adams’ salary will get consigned in Bitcoin. The official also requested that a portion of it get consigned in Ethereum (ETH), which indicates that the mayor would be supporting cryptocurrencies as a technological/economic concept instead of just being a fan of one in particular.
Adams’ first Payment is Entirely in Crypto
When Adams assured that he was joining the group of public officials who would receive their payment in Bitcoin, he highlighted that he would do so with his first three checks.
The representative also added that New York is the center of the world, and people want it to be the center of cryptocurrency and other financial innovations. New York at the forefront of such innovation will help us create jobs, improve our economy and continue to be a magnet for talent.
Encouraging Crypto and Blockchain Education and Positions Related to Public Administration
Many analysts and enthusiasts frame this fact as an achievement in general for the digital currency ecosystem since it would give these assets more visibility as a means of payment for products and services, even within an ecosystem as traditional as digital currencies.
It is worth considering that Adams, in addition to being an enthusiast of digital currencies, also insists on the importance of more and more people handling quality information about these assets and their underlying technology.
In November of last year, the mayor requested that children begin to become familiar with these issues from primary school to promote greater adoption and understanding of these technologies at an early age.
Something similar happens with the mayor of Miami, Francis Suarez, which insists on offering the possibility to workers and people interested in receiving remuneration for their work and services in Bitcoin.
In this case, the official defines himself as an enthusiast of the first digital currency, defending its deflationary nature and the transparency of its network among its properties.
By: Jenson Nuñez
