Last Thursday, two days after his election, Adams announced that he will receive his first three salaries in bitcoin after taking office (early January) and stated that New York will become “the center of the cryptocurrency industry.”
On Monday, the former Brooklyn Borough President welcomed the NewYorkCityCoin or NYCCoin, a cryptocurrency that uses bitcoin technology and that will debut on Wednesday.
The project aims to unite the cryptocurrency enthusiasts of a city to promote its technological development. Miami (Florida) and Austin (Texas) already have their virtual currency.
The first step is to create NYCCoins, but these will not be accessible to individuals and cannot be exchanged on a cryptocurrency platform for the general public.
The idea is to promote the development of a local community of entrepreneurs and services with the common denominator of NewYorkCityCoins, which can then be used for exchanges, as part of a loyalty program or to give access to certain sites or even physical spaces in the city .
About 30% of the value created during the “extraction” it will be paid into an account reserved for New York City and which you can use at your discretion.
“We rely on technology and innovation to help drive our city forward”Adams tweeted Monday.
If New York is recognized as the capital of global finance, on the other hand, it is not considered one of the hot spots of the world of cryptocurrencies and blockchain, the technology on which they are built.
Miami, which already has its MiamiCoin, has taken a step forward and organizes an annual fair considered the most important in the United States.
Hours before Adams, Miami Mayor Francis Suarez, Republican, announced on Nov. 2 that he would receive his salary in Bitcoin.
Source From: Ambito
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