NEW YORK (AP) — New York City’s new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

The Democrat’s office announced Thursday that Adams’ first salary payment will be deposited with Coinbase, an online platform used for buying cryptocurrency, and then converted into Ethereum and Bitcoin.

NYC’s mayor invests first paycheck in cryptocurrency comes via ChinaTechNews.com.