New York mayor wants education about coding in schools

New York City Mayor Eric Adams believes that schools should prepare students for a world of cryptocurrencies and digital assets.

Cryptocurrency in the curriculum

The mayor-elect of New York appears to be strengthening his pro-crypto stance. He claims that schools should include cryptocurrencies in their curricula.

During an interview with State of the Union on CNNAdams described cryptocurrency as “a new way to pay for goods and services around the world.” He urged local schools to equip students with the “new way of thinking” brought about by blockchain technology and digital currencies.

Adams also anecdotally noted that his young voters were unfamiliar with cryptocurrencies. “When I talked about blockchain and Bitcoins, young people asked me, ‘What is this?’ “, The 61-year-old said.

He also indicated that he has plans to encourage New York companies to accept bitcoin and other cryptocurrencies as payment. He added that he would “act with caution” and “do it right.” Adams also added that New York should remain a “center of innovation, whatever that innovation may be.”

On social media, Adams’ comments were met with mixed feelings by the crypto community.

Twitter user Nima Abed stated that coding studies should be included in the curriculum. Hji claimed that new investors should be equipped with an “open mind and sufficient knowledge” before they encounter the digital asset markets.

Others criticized the proposal, with user InnocenceCapital describing the cryptocurrency as “speculative junk.” She added that schools should focus first on “the successful teaching of math, history, science, language, and actual financial concepts.”

Adam’s Bitcoin Support

Twitter user OnlyAPrimate sparked recent criticism of Adams from Harvard economist Jason Furman. He described the mayor’s recent support for digital assets as “a bit duplicitous.” In fact, Adams intends to receive the first three mayor’s salaries in the form of BTC.

“I really like Eric Adams. I just don’t think his job description includes the hype on cryptocurrency where he’s going to get paid. It just sounds like ‘appropriate’,” They wrote.

The mayor’s policy platform involves turning the city into a crypto hub for the United States. Adams also said in an interview with Bloomberg Radio that he plans to explore creating an urban cryptocurrency in New York. This will be similar to MiamiCoin.

New York will not be the first city in the United States to implement a study program using cryptocurrency. In March it has The House of Representatives of GeorgiaHe passed a bill on this. It states that state education officials are invited to implement a financial literacy program, including cryptography, in high schools.