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

0
50

Carolina Panthers offensive lineman Russell Okung said he was paid in Bitcoin after asking for almost two years to be paid in the cryptocurrency. According to reports, The Panthers is diverting half of his $ 13 million salary into the Strike wallet, which converts the payment for okung into bitcoin.

Russell Okung ‘Paid in Bitcoin’

Professional footballer Russell Okung reportedly receives half of his salary in bitcoin. Okung has been a staunch advocate of Bitcoin for years and has asked to be paid in Bitcoin since May 2019. Then he tweeted on Tuesday that he was “paid with Bitcoin”.

However, Okung does not get Bitcoin directly from the Panthers, but rather through a third-party payment service called Strike, an application developed by Zap Solutions Inc. that allows people to convert any percentage of their paychecks to Bitcoin.

Under the agreement, the Panthers are expected to pay part of Okung’s $ 13 million salary to Strike, who will then pay Okung in Bitcoin. Okung is the Panthers highest-paid player for the 2020 season.

Okung’s salary agreement is handled internally by the Panthers, CNBC told CNBC, adding that the National Football League (NFL) and its players union were unaware of the Okung agreement until it was announced on Tuesday. However, they have not attempted to annul the agreement or officially sign it. An NFL spokesman, Brian McCarthy, told the publication: “There was nothing to unsubscribe from. The clubs pay the players in US dollars. What the player or his agent do with the money is up to them. “

Okung said in a statement:

Money is more than currency; It’s power. How money is handled from creation to diffusion is part of that power. Paying in Bitcoin is the first step in ending the corrupt, rigged economy we all live in.

The professional soccer star often tweets about Bitcoin. “You can make ‘x’ a year and watch it slowly erode with inflation, or you can protect your hard-earned money with Bitcoin,” he wrote after announcing it was being paid in cryptocurrency. “I’m getting rid of Fiat. You can too. “He explained:

When we are all paid in Bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you no longer have to worry about your work and time being stolen .

Okung further tweeted Tuesday, “If you think elections are being rigged, wait until you find out about the US dollar.” Additionally, he wrote, “If 2020 has taught us anything, the world will change rapidly” and “The next decade will be about the mass adoption of Bitcoin.” In November, the professional athlete tweeted: “I am irresponsibly busy with Bitcoin for a long time.”

Do you think more professional athletes want to get paid with Bitcoin? Let us know in the comments below.

Tags in this story

nfl bitcoin, nfl player, paid in bitcoin, paid in btc, panthers bitcoin, per athlete, per athlete, per football player, professional sport, russell okung, salary in bitcoin

Photo credit: Shutterstock, Pixabay, Wiki Commons, The Panthers

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to make an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.