Carolina Panthers’ Russell Okung Turns into First NFL Participant Paid In Bitcoin



As digital {dollars} within the type of cryptocurrency continues to grow to be extra in style, a soccer participant has grow to be the primary NFL participant to be paid partly in bitcoin, in accordance with Coin Desk.

Again in 2019, Carolina Panthers’ offensive lineman Russell Okun tweeted that he needed to be paid in bitcoin.

As of December 2020, he was granted his request.

CoinDesk stories that Okun’s $13 million annual wage is being divided 50-50 between bitcoin yy approach of Zap, a bitcoin startup that was began Jack Mallers, and Fiat.

“It’s an enormous, massive deal that we discovered a solution to permit any particular person to obtain a [percentage] of their labor in bitcoin,” Mallers stated.

Mallers additionally stated that different professional athletes, together with some members of the Brooklyn Nets basketball group and baseball’s New York Yankees, have already begun onboarding to this system. Mallers revealed that the NFL and NFL Gamers Affiliation needed to be concerned to get approval for the cut up fee for Okung.

 

Based on a information launch from Strike, the corporate states that Carolina Panthers participant Okung is the primary participant in league historical past to obtain a part of his annual paycheck within the type of a digital forex.

Final yr, in an op-ed on CoinDesk, Okung gave a quick rationalization of bitcoin.

“Bitcoin is like digital gold. Nobody entity owns it or controls it. It’s a scarce asset, which suggests there’ll solely ever be 21 million bitcoins in existence. It has a confirmed 11-year monitor report that’s unmatched any Silicon Valley unicorn. Bitcoin is undermining the established order of intermediaries: no extra banks, no more cash managers, no extra governments telling you what you’ll be able to and may’t do along with your cash. For me, it means sending cash to a relative in Nigeria with out asking for approval from anybody else. Think about an financial system that doesn’t require you to share all of your private particulars earlier than making a purchase order. Think about a retirement plan that isn’t constructed on a basis that’s “too massive to fail.”





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