Fulfilling the New York Member Pledge: Transfer Your First Paycheck to Crypto

New York City Mayor Eric Adams announced on Thursday that the first day of pay due Friday would be converted from US dollars into cryptocurrencies, fulfilling his preventative commitments. The exchange will take place on Coinbase, the largest cryptocurrency exchange in the United States, and will convert Adams' salaries into Bitcoin and Ether.

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"New York is the center of the world, and we want it to be the center of cryptocurrency and other financial exchanges," Adams said in a statement. “Paving the way for this new development will help create jobs and improve the economy.” noted. said Adams. And it will continue to be the magnet for international talent. "

Adams promised in a Nov. 4 tweet that he would pay his first three salaries in Bitcoin after being elected mayor. "In New York, we always move big," he said. The idea was part of a conversation I had with Miami Congressman Francis Suarez, who told November he would pay his next paycheck in bitcoin.