December 3, 2021

New York Metropolis’s incoming mayor desires his first three paychecks paid in Bitcoin

What simply occurred? Eric Adams, New York Metropolis’s mayor-elect, desires to make the town the “heart of the cryptocurrency business.” To point out he is critical about these plans, Adams mentioned he desires his first three paychecks paid in Bitcoin.

Adams introduced his love of crypto on Twitter in response to Miami mayor Francis Suarez claiming he would take his subsequent paycheck in BTC. “In New York we all the time go massive, so I will take my first THREE paychecks in bitcoin after I develop into mayor,” Adams replied. “NYC goes to be the middle of the cryptocurrency business and different fast-growing, innovativee industries! Simply wait!”

The interplay does seem like a crypto-love-measuring contest between the 2 males. Suarez has additionally mentioned he goals to determine Miami as a hub for cryptocurrency innovation, and in August helped set up the MiamiCoin challenge, which lets folks make investments crypto into the town—it has already raised $7 million for Miami.

Suarez has introduced that Miami plans to just accept tax funds in bitcoin and let staff draw their wage within the cryptocurrency. The town additionally performed host to the Bitcoin 2021 occasion earlier this 12 months and has attracted a number of different massive crypto conferences.

Adams mentioned in an interview with Bloomberg Radio that that is all “pleasant competitors” with Suarez. “He has a MiamiCoin that’s doing very properly – we’ll look within the route to hold that out,” mentioned the incoming mayor, who added that he plans to research what’s stalling progress of Bitcoin and cryptocurrency in New York.

Whether or not Adams actually does get his first three paychecks in Bitcoin stays to be seen, given the potential payroll and tax points this might increase. And even when he does, this sole act is unlikely to make New York seem to be a a lot better crypto funding spot than Miami.

h/t: CNBC

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