December 4, 2021

New York will launch its own digital currency

New York will launch its own digital currency

NYCCoin is scheduled to launch on November 11th. The cryptocurrency is developed by the CityCoins company that issued MiamiCoin. Project uses the Stacks protocol built on the bitcoin blockchain.

New York Mayor-elect Eric Adams confirmed the news in a tweet on November 8, stating that "the city will use technology and innovation to grow further."

Adams was elected Mayor of New York 2November. The new mayor will take office in early 2022. The Democrat is a longtime supporter of cryptocurrencies, he has already announced that he will receive the first three salaries in Bitcoin.

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According to the materials cointelegraph.com

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