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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
JPJ: Bjak not authorised to offer road tax renewal services
TikTok’s boss goes from reserved tech exec to Met Gala chair
The bystander’s role is changing in the era of livestreaming. North Carolina’s standoff shows how
Warren Buffett says AI may be better for scammers than society. And he’s seen how
England women's cricket coach using AI to pick team
Food critic Keith Lee is saving struggling restaurants one TikTok review at a time
In the US, scammers are targeting students with fake job offers

Others Also Read