The first paycheck, due to arrive Friday, will “automatically be converted” into Bitcoin and Ethereum, two popular cryptocurrencies, using Coinbase, an online platform widely used for buying, selling and storing digital currencies, Adams said.
Crypto ka-ching! Mayor Adams revealed Thursday that he will convert his first City Hall paycheck into cryptocurrency, seeking to make good on a campaign promise to use and promote the virtual cash system while in office. The first paycheck, due to arrive Friday, will “automatically be converted” into Bitcoin and Ethereum, two popular cryptocurrencies, via Coinbase, an online platform widely used for buying, selling and storing digital currencies, Adams said. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” Adams said.
