New York City’s New Mayor Wants To Be Paid In Bitcoin

This is a real signal. In a tweet posted at the end of last week, the new New York mayor Eric Adams indicated that he was going to ask that his first three salaries be paid in bitcoins. It is for him to show the cryptocurrency sector that he will be welcome in the city under his mandate.

In New York, we always do things big, so I’ll take my next 3 salaries in bitcoins (…). New York is going to be the center of the cryptocurrency industry, and many other fast growing innovative industries. Wait a bit to see! », He specifies.

A rivalry between major American cities

However, this choice also raises many questions as noted The verge. One can for example wonder if the payroll system of the city will be adapted to such a demand, and what it is about the fluctuation of the price of virtual currency, or the fiscal situation.

But that doesn’t really matter, the city councilor just seemed to want to put in a good communication stunt and it worked. The elected Democrat responded to the mayor of Miami Francis Suarez who also announced that his first salary would be paid in bitcoins.

Eric Adams did not stop there because he also wants to see what is slowing down cryptocurrency investments in his city. For his part, the Republican mayor of Miami supported MiamiCoin, a cryptocurrency investment system set up in the city of Florida. The latter even dreams that one day Miami’s taxes could be paid in bitcoins.

This did not escape the mayor of New York, who Explain : ” Francis Suarez has a MiamiCoin which is doing very well. We will study the issue to achieve this as well (…) we need to look at what is preventing the growth of Bitcoin and cryptocurrencies in our New York City.

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