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Professional Soccer Star Receives Half of His $13 Million Wage in Bitcoin

01/02/2021
Pro Football Star Receives Half of His $13 Million Salary in Bitcoin

Carolina Panthers offensive lineman Russell Okung mentioned he has been paid in bitcoin after asking to be paid within the cryptocurrency for nearly two years. The Panthers is reportedly diverting half of his $13 million wage to the Strike pockets, which converts the fee into bitcoin for Okung.

Russell Okung ‘Paid in Bitcoin’

Professional soccer participant Russell Okung is now reportedly receiving half of his wage in bitcoin. Okung has been a staunch bitcoin advocate for years and he has been asking to be paid in bitcoin since Could 2019. Then he tweeted on Tuesday that he was “Paid in bitcoin.”

Pro Football Star Receives Half of His $13 Million Salary in Bitcoin

Nevertheless, Okung isn’t receiving bitcoin immediately from the Panthers however by way of a third-party fee service referred to as Strike, an utility developed by Zap Options Inc., which helps individuals convert any share of their paychecks into bitcoin.

Below the settlement, the Panthers reportedly can pay a part of Okung’s $13 million wage to Strike which is able to then pay Okung in bitcoin. Okung is the Panthers’ highest-paid participant for the 2020 season.

Okung’s wage settlement is dealt with internally by the Panthers, CNBC defined, including that the Nationwide Soccer League (NFL) and its gamers’ union have been each unaware of Okung’s settlement till Tuesday’s announcement. Nevertheless, they didn’t try to void or formally log out on the settlement. An NFL spokesperson Brian McCarthy instructed the publication: “There wasn’t something to log out on. The golf equipment pay the gamers in US {dollars}. What the gamers or his brokers do with the cash is as much as them.”

Okung mentioned in an announcement:

Cash is greater than foreign money; it’s energy. The way in which cash is dealt with from creation to dissemination is a part of that energy. Getting paid in bitcoin is step one of opting out of the corrupt, manipulated financial system all of us inhabit.

The professional soccer star often tweets about bitcoin. “You can also make ‘x’ a 12 months and watch it slowly erode with inflation or you possibly can defend your hard-earned cash with bitcoin,” he wrote after saying that he was paid within the cryptocurrency. “I’m liberating myself from fiat. You may too.” He elaborated:

After we are all paid in bitcoin, nobody can inform us what to do with the worth we create … In a submit fiat world, you received’t have to fret about your labor and time being stolen.

Okung additional tweeted Tuesday, “In case you assume elections are rigged wait till you be taught concerning the US greenback.” As well as, he wrote, “If 2020 taught us something, it’s that the world is quickly altering” and “The subsequent decade will probably be about bitcoin’s mass adoption.” In November, the professional athlete tweeted, “I’m irresponsibly lengthy on bitcoin.”

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The submit Professional Soccer Star Receives Half of His $13 Million Wage in Bitcoin appeared first on Bitcoin Information.