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NYC Mayor Eric Adams to receive first paycheck in cryptocurrency via Coinbase -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Eric Adams, New York City Mayor, addresses an audience during the COVID-19 (coronavirus disease) pandemic that erupted in Bronx borough, New York City. This event was held on January 3, 2022. REUTERS/Carlo Allegri/File Photo

(Reuters) – New York City Mayor Eric Adams announced Thursday that his first paycheck will arrive Friday and be converted automatically into cryptocurrency through Coinbase (NASDAQ) Global Inc.

According to the statement, the salary of will be converted into and.

In a statement last year, the mayor said that he would receive his first three paychecks of bitcoin. This signaled his determination to make his hometown the “center for the cryptocurrency industry”.

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