New York City Mayor Eric Adams will receive his first paycheck in bitcoin and ethereum, highlighting his bid to turn the Big Apple into a major crypto hub.
Adams’ first check arrives Friday. New York City cannot technically pay employees in crypto, so the funds will be converted via Coinbase, his office said.
Adams had announced that he would accept his first three paychecks in crypto. He has also been vocal about making New York City the center of the fast-growing crypto industry.
“New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” Adams said in a statement.