The new - elected mayors of New York City and Miami have been affiance in a spot of on-line one - upmanship this week as they essay to outdo one another ’s commitment tocryptocurrencyinnovation . The challenge was have down by Eric Adams , mayor - elect for New York City , who tweeted that he wants to receive his first three paychecks inBitcoin , after Miami city manager Francis Suarez had earlier stated that he intend to invite a individual stave of pay in the digital up-to-dateness .
“ In New York we always go big , so I ’m going to take my first THREE payroll check in Bitcoin when I become mayor , ” tweeted Adams , who was elected this hebdomad to take over from current city manager Bill de Blasio in January . “ NYC is going to be the center of the cryptocurrency industry and other fast - growing , innovative industries ! Just expect ! ”
The remark was a lineal reply to a tweet by newly re - elected Miami city manager Suarez , which explained that the politico would take his “ next paycheck 100 % in bitcoin . ”
Both man appear not bad to demonstrate their desire to nurture cryptocurrency go-ahead in their respective urban center , although the likelihood of either actually being paid in Bitcoin is humble . After all , the cities ’ payroll systems are not set up to pay public servants in cryptocurrencies .
On the face of it , Suarez and Miami have a head originate in the wash , with the mayor announcing before this year that the city plans to allow salary and taxes to be paid in Bitcoin . The Floridian city has also become a major hub for cryptocurrency events , and recently host Bitcoin 2021 , the largest Bitcoin league in history .
Suarez has also bestow his bread and butter to a local cryptocurrency projection calledMiamiCoin , which leave the great unwashed to invest crypto in the city and has already generated over $ 7 million for Miami , according to theWashington Post .
utter toBloomberg Radio , Adams expressed his desire to see the Big Apple catch up , explaining that “ [ Suarez ] has a MiamiCoin that is doing very well – we ’re going to look in the direction to carry that out . ” The new city manager also enounce he intend to “ appear at what ’s preventing the growing of Bitcoin and cryptocurrency in our city . ”
However , Adams ’ be after to metamorphose New York into a crypto hub may not go down so well with Attorney General Letitia James , who has antecedently supported a crackdown on unregistered cryptocurrency companies in New York . The country has also been toying with the idea of banning Bitcoin mining due to itsheavy environmental wallop , yet Adams ’ remark would appear to indicate a dramatic variety of direction on that front .
Suarez , meanwhile , has welcomed the challenge thrown down by Adams , and says he is relish the " friendly competition " between the two cities .
