NYC mayor fulfills promise to receive paycheck in Bitcoin

New York City’s caller mayor, Eric Adams, has taken a bold measurement to fulfill 1 of his promises arsenic helium is acceptable to instrumentality his archetypal paycheck successful Bitcoin, according to disposable information.

The Mayor, successful November past year, had promised to instrumentality his archetypal 3 paychecks successful bureau arsenic a Mayor successful crypto. 

Mayor Adams to get paid successful Bitcoin

Recent revelations person present revealed that Mayor Adams volition beryllium receiving his archetypal paycheck successful Bitcoin and Ethereum aboriginal connected Friday. The paycheck would beryllium converted utilizing 1 of the starring crypto exchanges successful the United States, Coinbase.

It is important to enactment that erstwhile Mayor Adams made his committedness regarding cryptocurrencies, the crypto marketplace was experiencing a greenish tally that culminated successful an all-time high. However, the crypto marketplace has since shed astir of the gains arsenic the flagship integer plus for the 2nd successful caller weeks dropped beneath the $40k mark.

But contempt the autumn successful value, the pro-crypto politician appears unfazed. In 1 of his caller statements, helium expressed his tendency to marque New York the Centre of the world’s innovations successful the fiscal world.

Apart from the New York City mayor, different pro-crypto politician is that of Miami, Francis Suarez, who was the archetypal to instrumentality his paycheck successful BTC. 

Crypto adoption astir the world

With New York’s metropolis politician being the latest idiosyncratic to beryllium consenting to person crypto payment, it continues the wide adoption moves being made crossed the satellite by individuals and institutions.

Recently, Francis Ngannou, the existent holder of the UFC heavyweight title, revealed that helium would beryllium receiving fractional of his prize purse from a UFC lawsuit slated for this play successful the flagship asset. Apart from that, helium besides said that helium would beryllium giving distant $300,000 successful Bitcoin to fans who remark connected his post.

I judge bitcoin tin empower radical everywhere. So I’m excited to spouse w/ @CashApp to instrumentality fractional my #UFC270 purse successful bitcoin. I privation to marque bitcoin much accessible to my fans, truthful I’m giving retired $300K successful bitcoin! Follow @CashApp + driblet your $cashtag w/ #PaidInBitcoin pic.twitter.com/8JEvJ1UYu1

— Francis Ngannou (@francis_ngannou) January 18, 2022

However, critics of crypto adoption would constituent to the existent terms question of the wider crypto manufacture arsenic 1 of the risks associated with adopting integer assets arsenic a outgo method.