Eric adams paid in bitcoin

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As its popularity rises, cryptocurrency talk about threats from election.

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Mayor Adams To Take 1st Paycheck In Cryptocurrency
Adams countered, on Twitter, that he would take his �first THREE paychecks in Bitcoin.� His salary as New York mayor is $, Some law. Adams' office confirmed that he did indeed go on to convert three paychecks into cryptocurrency, splitting the money between Bitcoin and Ethereum. Some back-of-the envelope math gives a rough sense of how much money that decision has cost hizzoner. At time of writing. �Adams isn't being 'paid in Bitcoin' any more than using his paycheck to buy Shake Shack equals being 'paid in cheeseburgers,'� explained tech.

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Please enter valid email address to continue. That could get him a coffee at Starbucks or an order through DoorDash; it also works for Amazon, Netflix and other companies. Contact Us. Eric Adams will find it difficult to spend his cryptocurrency paycheck to pay for the daily costs of living in the Big Apple. In November , Adams said he planned to accept his first three mayoral paychecks in bitcoin.