As promised, the mayor of New York received his first elected salary in crypto

Thibaut Keutchayan

January 21, 2022 at 2:45 p.m.


Bitcoin © Credit: QuinceCreative / Pixabay

© QuinceCreative/Pixabay

He promised, he did. New York City Mayor Eric Adams received his first salary in cryptocurrency

Will he therefore receive his monthly income as mayor beyond the first three months of office?

The Big Apple as the nerve of the crypto war

Eric Adams is a strong supporter of cryptocurrencies and continues to work in this direction. Eager to make New York the hotspot for cryptos in the world, the mayor surprised last November. He had thus accepted the challenge launched by Anthony Pompliano, an investor who asked on Twitter who would be the first politician to accept a salary in Bitcoin. But, to get the upper hand over his Florida counterpart, Eric Adams had announced that he wanted not one, but three pay in cryptocurrency.

In this month of January 2022, Adams announced that he received a salary in Bitcoin and Ethereum, without disclosing the total amount. His predecessor, Bill de Blasio, received $254,000 for his position in 2019, or $21,600 monthly.

At the current price of bitcoin, which has fallen 36% since Adams’ indicative announcement in November, to be worth $38,400 on January 21, 2022 at noon, the new mayor was able to collect 0.44 bitcoins, if his pay is similar to that of De Blasio. For New York’s Chief Financial Officer, Matt Fraser, this choice of Adams ” provides a great example of how we can give people a more diverse set of options to manage their finances through technology “. And you, would you like to receive your salary in Bitcoin?

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Source: Be In Crypto

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