New York City Mayor-elect Eric Adams wants to explore ways to allow paychecks in bitcoin.

According to the Bloomberg report, New York City Mayor-elect Eric Adams said he wants to explore ways that might allow New Yorkers to receive paychecks in Bitcoin and other cryptocurrencies, as he seeks to turn the city into a hub for innovation. Speaking to reporters in Puerto Rico, attending the Somos Puerto Rico Conference, an annual convention that attracts Albany lawmakers, Adams reiterated a pledge he made this week to receive his first three paychecks in Bitcoin.

 

Miami and New York mayors want to make their cities crypto hubs. 

New York’s mayor’s vow came after Miami Mayor Francis Suarez proclaimed that he would take his next paycheck in Bitcoin. The friendly rivalry that has ensued between these mayors has provided a platform for both men to voice their crypto ambitions while also challenging other city leaders. “This is a clear signal from me that I am not playing. We have become too afraid as a city we have become a culture of ‘no.’ We turn down everything,” he said. “This used to be a city where we led from the front.”

 

Adams said he would have to convert his dollar paycheck into Bitcoins.

New York Mayor-elect said he would have to convert his dollar paycheck into Bitcoins, as there’s no automatic way for him to receive payment in the cryptocurrency. However, he said he would like to “examine” mechanisms that would allow for direct Bitcoin payments, “so New Yorkers have a choice of how they want to receive their paychecks.” the mayor said that many in the blockchain commu