FX.co ★ NYC mayor in favor of teaching cryptocurrency at schools

Newly elected NYC mayor Eric Adams said schools should teach cryptocurrency technology in order to increase people's awareness of how it works.

He explained during an interview with CNN last Sunday that when he talks about blockchain and Bitcoins, young people would ask him 'What is that?' and he would have a challenging time to explain it.

He added that Bitcoin is "a new way of paying for goods and services around the world," so there is a need to persuade schools to teach crypto ideas and technology.

When asked if he would encourage New York City businesses to accept Bitcoin or another cryptocurrency, he answered: "We are going to look at it, and we are going to tread carefully. We are going to get it right."

Adams said he will receive his first three salaries in Bitcoin, and that the city should create a talent pool for crypto-related jobs. He also said he plans to explore the possibility of creating a New York cryptocurrency coin similar to MiamiCoin to wager a "friendly competition" with the city.

Bitcoin skyrocketed because of this news, nearing record highs. It may hit a new all-time high in the coming days.