Credit: Original article published by Crypto Briefing Blog.

The NBA franchise is set to become the first major sports team to offer both players and staff the option to receive their salary in Bitcoin.

Sacramento Kings Pivot to Bitcoin

Sacramento Kings chairman Vivek Ranadivé announced that he would now allow both his players and the staff to receive any part of their salary in Bitcoin. The official announcement should come out in the next few days, but the chairman has already made his plans clear on the popular app Clubhouse.

The NBA team is well known for its fervent belief in cryptocurrency. In a recent blog post, the team restated its support for blockchain technology, reminding it was the very first NBA team to accept Bitcoin as a payment solution in their arena as far back as 2014.

Athletes receiving part of their salary in Bitcoin has also been a hot topic in 2021. Carolina Panthers offensive tackle Russel Okung announcing he was receiving half of his $13 million salary in Bitcoin in December 2020.

While it has now been shown that Russel Okung isn’t receiving his salary in Bitcoin directly from his team but rather has been converting it himself, we can truly consider the Sacramento Kings as trailblazers in linking the worlds of sport and cryptocurrency.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Categories:

Tags:

Comments are closed

Translate

Mine Pi From Your Cellphone

Mine Pi Now! - Use our username (cryptosonline) as your invitation code.

Visit Our Other Websites

EdgyBranding.com - Premium Domain Names.

Notezi.com - Social Network

ParisArtwork.org - Mid-century Paris, tokenized on the WAX blockchain.

Dexize.com - Ultra-Priviate DEX.

ClassicAutomobile.org - Classic Automobile News.