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Why the New York mayor is in favor of crypto education

New York City mayor-elect, Eric Adams, has revealed that he would be receiving his salary in crypto alongside driving crypto education in schools.

The newly elected Mayor of New York, Eric Adams in one of his recent interviews has revealed that he would love if blockchain technology and crypto are taught in the city’s schools.

Crypto education in New York

In the interview, the Mayor-elect said that young individuals passionate and curious about Bitcoin had stopped him on the street asking him about what Bitcoin is. According to him, he explained that the flagship asset “is a new way of paying for goods and services throughout the entire globe.”

He continued that this level of thinking must be encouraged in the schools in the city. In his words, the city must “open our schools to teach the technology and teach this new way of thinking when it comes down to goods and services.”

Speaking on his approach to crypto, Eric Adams revealed he had lost a huge amount to the space due to the volatile nature of the assets. However, despite this loss, he remains bullish about the industry as he insists on making New York “a center for innovation, no matter what that innovation is.”

Mayor to receive a salary in Bitcoin

As a testament to his passion for Bitcoin, Eric Adams has pledged to receive his first three paychecks in digital gold. This way, he would be exploring how workers in the city could receive their payment in crypto too.

While his step is a big plus for the industry, he would be following in the footsteps of Miami’s pro-crypto Mayor, Francis Suarez, who has also revealed his intentions to receive crypto salaries. The Miami mayor has been in the news several times for many of his crypto drives in the city.

Per Bloomberg, the friendly rivalry between New York and Miami could spur other city leaders in the country to take a more friendly stance towards the crypto industry. 

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