New York’s mayor is getting paid in bitcoin. But can he pay the bills with it?
by Matthew Cantor from Technology | The Guardian on (#5V8NY)
Eric Adams will find it difficult to spend his cryptocurrency paycheck to pay for the daily costs of living in the Big Apple
New York's new mayor gets his first paycheck on Friday - and as part of his bid to keep the city on the forefront of innovation", he'll be receiving his wages in cryptocurrency.
New York is the center of the world and we want it to be the center of cryptocurrency and other financial innovations," Eric Adams said in a press release.
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