Adams backs 'cyber wallet' for city workers, welfare payees

New York mayoral candidate Eric Adams wants to use an electronic “cyber wallet” instead of payroll checks and direct bank deposits to pay city workers and welfare recipients, the better to track how benefits are spent and to provide rewards and incentives for healthy choices, educational improvement and job training.

Such a system could help streamline services to people experiencing homelessness, Adams, a former police captain and current Brooklyn Borough President, said in an interview with Bloomberg News. Adams is favored to win the November general election against Republican Curtis Sliwa.

Adams, 61, said the data from such transactions could be used to analyze and encourage good behavior,

→ Continue reading at Crain's New York Business

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