The American professional basketball team Sacramento Kings (Sacramento Kings) will provide everyone in the organization with the option of paying salaries in Bitcoin. NBA chairman Vivek Ranadivé said that this includes all players.
Sacramento Kings will provide a salary in Bitcoin
According to reports, the chairman of the Sacramento Kings, Vivek Ranadivé, said at a meeting on Monday that everyone in his organization can use as many bitcoins as they want to receive a salary.Bitcoin enthusiast Neil Jacobs attended the club meeting lead Ranadivé said:
I will announce in the next few days that I will provide a salary to everyone in the Kings organization, and they can get as much Bitcoin salary as possible from them, including them.
The Sacramento Kings became the first NBA team to accept Bitcoin as a payment option on stage through Bitpay in January 2014. In 2018, the team announced that it became the world’s first professional sports team to mine cryptocurrency through a charity program called Miningforgood.
In addition, the Kings teamed up with Blockparty to develop a blockchain-driven reward program, and teamed up with CryptoKaiju to launch a series of physical cryptographic collections in the field of professional sports. It also launched the NBA’s first blockchain-based real-time auction platform with Consensys and Treum for the auction of real souvenirs.
At the same time, professional football player Russell Okung (Russell Okung) has been paid through Bitcoin. He stated in January that he earned half of BTC’s $13 million salary.
Do you think that more teams should provide salaries to players at the price of Bitcoin? Let us know in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Sacramento Kings
Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear any direct or indirect responsibility for any damage or loss caused or allegedly caused by using or relying on any content, goods or services mentioned in this article or related thereto.