NYC Mayor Eric Adams to receive first paycheck in cryptocurrency via Coinbase

FILE PHOTO: New York City Mayor Eric Adams speaks at an event during the coronavirus disease (COVID-19) pandemic in the Bronx borough of New York City, New York, U.S., January 3, 2022. REUTERS/Carlo Allegri/File Photo

(Reuters) -New York City Mayor Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global Inc.

The salary will be converted to Ethereum and Bitcoin, the statement added.