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

Carolina Panthers offensive lineman Russell Okung stated 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 cost 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

Nonetheless, Okung isn’t receiving bitcoin instantly from the Panthers however by means of a third-party cost service referred to as Strike, an utility developed by Zap Options Inc., which helps folks convert any proportion of their paychecks into bitcoin.

Below the settlement, the Panthers reportedly pays 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. Nonetheless, they didn’t try to void or formally log out on the settlement. An NFL spokesperson Brian McCarthy advised 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 money is as much as them.”

Okung stated in a press release:

Cash is greater than currency; it’s energy. The best way money 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 economic system all of us inhabit.

The professional soccer star steadily tweets about bitcoin. “You can also make ‘x’ a yr and watch it slowly erode with inflation or you possibly can shield your hard-earned money 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 publish fiat world, you received’t have to fret about your labor and time being stolen.

Okung additional tweeted Tuesday, “In case you suppose elections are rigged wait till you study in regards to 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 likely be about bitcoin’s mass adoption.” In November, the professional athlete tweeted, “I’m irresponsibly lengthy on bitcoin.”

Do you suppose extra professional athletes will wish to be paid in bitcoin? Tell us within the feedback part beneath.

Tags on this story

nfl bitcoin, nfl participant, paid in bitcoin, paid in btc, panthers bitcoin, professional athlete, professional athletes, professional soccer participant, skilled sports activities, russell okung, wage in bitcoin

Picture Credit: Shutterstock, Pixabay, Wiki Commons, The Panthers

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss induced or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

Source link