New York City Mayor-elect Eric Adams (D) said on Sunday he would “examine” the potential to encourage companies to accept cryptocurrency as a form of payment, after the incoming mayor said made headlines last week when he said he would take his first three elected based payments in bitcoin.
Requested by the co-host Dana bashDana BashFive Things to Watch Out for in Virginia Governor Race The Buttigieg twins dress up in “twin infrastructure” for Halloween. on CNN’s “State of the Union” if it plans to push companies to implement cryptocurrency payments, Adams said “We will be cautious,” adding “we will do the right thing. things “.
Adams turned heads last week when he announced on Twitter that his first three payments as mayor of New York would be issued in the form of bitcoin. He said the Big Apple “is going to be the center of the cryptocurrency industry and other fast growing innovative industries”, adding “In New York we are always going big.”
The mayor-elect explained the vow on Sunday, telling Bash he had made the announcement to “send a signal”.
“This city was the Empire State. We have made empires. Now we are destroying empires every day. It is a center of innovation, autonomous cars, drone development, cybersecurity, life sciences. And so when I talked about blockchain and Bitcoins, some young people on the streets stopped and asked me, what is this? What is it about? We need to inspire energy again, ”he said.
New York City Mayor-elect Eric Adams explains his reasoning behind wanting his first paychecks in Bitcoin and responds to criticism of the idea. pic.twitter.com/5kinnIdwpj
– State of the Union (@CNNSotu) November 7, 2021
Bitcoin has grown in popularity in recent years, although many still don’t know how the cryptocurrency is used. Last month, the United States overtook China as the biggest Bitcoin hub after Beijing began cracking down on cryptocurrency mining.
Pressed by Bash if he can explain what exactly bitcoin is, Adams laughed, noting that “even experts will have a hard time doing it.”
“It’s a cryptocurrency. It’s a new way to pay for goods and services around the world. And that’s what we need to do, open our schools to teach technology and teach this new way of thinking when it comes to paying for goods and services, ”he added.
Adams won the New York mayoral race last week, beating Republican opponent Curtis Sliwa by around 383,000 votes.