NEW YORK (CBSNewYork) — Friday is payday for Mayor Eric Adams , and he's taking his first paycheck in cryptocurrency .
Honoring a campaign pledge , the mayor says he will use the Coinbase exchange to have his paycheck converted into cryptocurrency, including Bitcoin .
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In November, Adams said he would take his first three paychecks in cryptocurrency.
In New York we always go big, so I'm going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
— Eric Adams (@ericadamsfornyc) November 4, 2021
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Adams says he wants New York to become the global center for cryptocurrency and other financial innovations.
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Editor's note: This story was first published Jan. 20.
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