The NBA Sacramento Kings team will offer players the option of paying their salary in Bitcoin
The Sacramento Kings, a professional American basketball team, will offer everyone in their organization the opportunity to have their salary paid in bitcoin. This includes all players, according to NBA team president Vivek Ranadive.
Sacramento Kings to offer Bitcoin salaries
Sacramento Kings team president Vivek Ranadive , reportedly said Monday on Clubhouse that all members of his organization could receive their salary in as many bitcoins as they want. Bitcoin enthusiast, Neil Jacobs, who was present at the Clubhouse meeting quoted Ranadive saying:
The Sacramento Kings became the first NBA team to accept bitcoin as a payment option in the arena in January 2014 through Bitpay. In 2018, the team announced that it wast became the first professional sports team in the world to mine cryptocurrency through a charity program called Miningforg. ood.
In addition , the Kings is collaborating with Blockparty on a blockchain-based rewards program and has partnered with CryptoKaiju to launch a range of physical crypto-collectibles in professional sports. It also launched the NBA's first blockchain-powered live auction platform for authentic memorabilia with Consensys and Treum.
Meanwhile, professional football player Russell Okung was paid in bitcoin. It said in January that he received half of his $ 13 million salary in BTC .
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