The newly-elected Mayor of New York City, Eric Adams, promised to use Bitcoin to receive the first three salaries after taking up this position. In order to fulfill his promise to make New York the “center of the cryptocurrency industry”.
Adams announced the news in response to Miami Mayor Francis Suarez on Twitter on the 4th. Francis Suarez stated that his next salary will be “100% paid in Bitcoin.”
Adams wrote in response, “In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!”
In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!— Eric Adams (@ericadamsfornyc) November 4, 2021
According to reports, this tweet by Adams quickly attracted the attention of cryptocurrency observers and supporters. Some people even predict that this move may allow other employees in the city to finally choose whether to accept part or all of their salary in cryptocurrency.
Suarez also praised Adams’s statement, saying that Miami caused a sensation by introducing a cryptocurrency system. The system earns funds for the city when buying or mining, and may eventually replace taxes. Suarez wrote, “Congratulations on winning the election. I look forward to friendly competition and make our respective cities the capital of cryptocurrency.”
Suarez previously said in an interview with The Washington Post about the Miami coin, “When you think about the possibility of running the government without paying taxes, it’s incredible.” Adams said he was considering running for New York. The mayor is considering this system.
Earlier, Bitcoin Magazine celebrated Adams’s victory in the election and tweeted that “the mayor who promised to make New York the world’s Bitcoin center win the election”.
Two US mayors are now getting paid in #Bitcoin ????????— Bitcoin Magazine (@BitcoinMagazine) November 4, 2021
This is just the beginning. pic.twitter.com/F5C3qTXoVK
According to the report, Adams became the second African-American mayor in the history of New York City. His campaign promises were mainly to improve infrastructure, public safety and make New York a leader in cryptocurrency.