“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 paycheque 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.
But even in the center of the world, trying to live on ethereum or bitcoin might be a struggle. The subway won’t take it, and it’s hard to fit dogecoin in the quarter slot at the laundromat. So what will Adams actually be able to do with his paycheck?