Mayor Adams Continues to Push For Cyber Wallets

Mayor Eric Adams has doubled down on his campaign promise to lead New York City through a digital transformation. In a speech in Los Angeles on Wednesday, the mayor reiterated his commitment to expanding cyber wallets for New Yorkers. David Yermack is a Professor of Finance at NYU Stern School of Business. He says cyber wallets and crypto-currencies can be used to broaden access to the financial system.