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New York City Mayor Is Set To Receive His First Paycheck In BTC

Eric Adams – the mayor of New York City – turns into the new crypto-favoring personality to obtain payment in BTC. The new mayor of New York City has accomplished a daring move to carry out a promise of having his initial paycheck in BTC (Bitcoin), as per the available information. In the recent year’s November, the mayor had taken a pledge to get his earliest 3 paychecks in crypto.

The NYC mayor to acquire payment in Bitcoin

The revolutions that occurred during the recent time disclosed that the mayor will be given the first paycheck thereof in Ethereum and Bitcoin on Friday. The prominent US-based exchanges of cryptocurrency would be utilized to convert the respective paycheck. This is noteworthy here that when the mayor promised about crypto, a relatively optimistic behavior was seen in the market of crypto with acquiring all-time highs. Nonetheless, the market of cryptocurrency has, after that, witnessed some decrease.

Notwithstanding the decrease in the value, it appears that the mayor is even now determined about the future of this field. While speaking recently, he voiced his desire to turn New York into a hub for the world of the technology of finance with the new possible evolutions. In addition to the mayor of New York City, Francis Suarez – the mayor of the state of Miami – is considered to be the initial person who has been provided with the paychecks thereof in Bitcoin.

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The adoption of cryptocurrency across the world

With the position of New York City’s mayor as the latest personality expressing his willingness to receive the paychecks in cryptocurrency, the world of cryptocurrency spreading across the globe to a great number of institutions and individuals. Recently, the latest individual having the title of UFC heavyweight – Francis Ngannou – disclosed to acquire 50% of the prize thereof from an event to be conducted by the UFC during this weekend in crypto. Moreover, he assured to give away up to $300,000 in BTC to those fans who will comment on the post thereof.

He moved on to mention that crypto would bring empowerment to people everywhere. By giving away this much amount of Bitcoin, he wants to contribute to this initiative. Nevertheless, those who criticize cryptocurrencies, refer to the present price movement thereof as a reason behind the hazards linked to the utilization of digital assets as the method of payment.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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