NFL Superstar to Receive Salary in Bitcoin

In recent times, Bitcoin and other crypto assets have enjoyed tremendous institutional support and adoption that has pushed the asset into new heights. While there are still quite a number of individuals who are yet to embrace the crypto space, celebrities like Jim Cramer and other stars have begun to accept or convert their salaries into the leading digital asset.

The latest amongst them is NFL’s Kansas City Chief’s player, Sean Culkin, who will become the first player to receive all of his salary in BTC. According to a report from Kansas City Stars, the NFL athlete has requested that his remuneration for the year 2021 be paid with the crypto king.

The City Chief player also made this known via a promotional tweet posted on Bitcoin. The tweet reads,

I fully believe Bitcoin is the future of finance, and I wanted to prove that I have real skin in the game – not just trying to make a quick buck. I will be converting my entire 2022 NFL salary to Bitcoin.

The first NFL player to receive payment in crypto is Russell Okung, whose total salary of $13 million is paid in half fiat and half crypto.

Just like Okung, Culkin will receive his $920,000 annual salary in tranches within a week through a crypto startup platform, Zap. His contract is in the Tether stablecoin (USDT).

However, Culkins has been a strong supporter of Bitcoin, going by his February twitter threads that highlighted his position between crypto and paper money that is vulnerable to inflation, which crypto can be used to hedge against.

Total
0
Shares
Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
Related Posts