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New York has just launched its own cryptocurrency: NewYorkCityCoin

On November 8, some Americans were called to the polls. If the Democrats have lost the post of governor of Virgine, a state which had nevertheless voted the majority for Joe Biden in the last presidential elections, the president’s party can be reassured knowing that it has retained the mayoralty of the largest city in the country: New York.

The new mayor of the Big Apple, Eric Adams, is a 61-year-old former police officer. If it is far from being the cliché of the owner of cryptos that we can have, it reminds us that the dress does not make the monk and that age does not force to be disconnected with the most technologies. recent. In fact, as soon as he is elected, the future mayor, whose office is due to take place next January, asked to have his first three months of salaries paid in cryptos (and more precisely in bitcoins).

Miami is already ahead

A way to gain a foothold in the world of finance, omnipresent in the streets of Manathan, and to this new market of cryptocurrencies. If Adams has not yet given much details on this announcement, made on Twitter, it may well be that the launch of NewYorkCityCoin is not unrelated to it. This cryptocurrency, owned by the city that never sleeps, launches this Wednesday.

The project, which has already seen the light of day in two other American cities, Miami and Austin, should make it possible to unite cryptocurrency players around a city and a place to promote its development. It must be said that Adams’ expectations regarding cryptos are high. Indeed, during his campaign he had promised that the city would be transformed in a year.

The great challenge of New York

For the moment, the New York cryptocurrency should be only available to professionals and it will not be accessible on mainstream platforms. The idea is therefore to promote the development of a local community of entrepreneurs and services, who would all work jointly around a common currency, NewYorkCityCoin (or NYCCoin).

While New York City is already known for Wall Street and its unchallenged dominance of the financial world in Uncle Sam’s country, with the crypto market not being centralized, there is still a long way to go for the megalopolis. in order to establish itself as a compulsory passage for anyone wishing to work with cryptocurrencies.

For Eric Adams, the objective is clear, to develop these new technologies as much as possible so that the city benefits from them in the future. In a tweet on Monday, the future mayor of the largest city in the United States thus assured to count “On technology and innovation to help propel our city forward”.

The big question is whether the city will succeed in seducing the decentralized crypto markets, which were born in direct opposition to the great world of New York finance. Despite the mayor’s very encouraging speech, things are likely to be a lot more complicated in the future before NYC becomes the crypto capital.

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