New York City mayor-elect Eric Adams wants to be paid in Bitcoin after he takes office, at least for his first three paychecks, he announced on Thursday.
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It was largely a PR campaign to show confidence in the volatile currency.
Adams, a former police captain who will become the city’s second black mayor, tweeted that he hoped his commitment to cryptocurrency would underscore his goal of making New York the “center of the cryptocurrency industry”:
His three paycheck strategy was in response to Miami Mayor Francis Suarez (D) who wants his city to become a hub for bitcoin innovation and who asked for his first paycheck after being re-elected Tuesday to “100 % in Bitcoin “is paid out.
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