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American footballer will receive his entire salary in bitcoin

Kansas City player Sean Culkin is the first in the National Football League (NFL) to receive a 2021 salary of $ 920,000 in Bitcoin. CoinDesk reports.

Culkin called it “not the wisest financial decision.” However, he added that he is counting on long-term investments.

Another footballer, Trevor Lawrence, has signed on with Blockfolio, a digital asset portfolio management service.

According to the New York Times, the contract provides for a “significant bonus” in cryptocurrency. The amount of the deal was not disclosed.

“Once you start seeing names like Trevor Lawrence and famous people in the entertainment industry, the taboos are officially broken. People understand that the crypto industry is real, ”said Sina Nader, CTO of FTX crypto exchange.

In August 2020, FTX bought Blockfolio for $ 150 million. Lawrence also agreed with head of the trading platform, Sam Bankman-Freed, for a joint charitable donation of $ 100,000.

In late March, the FTX reached an agreement with Miami-Dade County authorities on a 19-year partnership to name the home arena of the local NBA basketball club by its own name.

In December 2020, NFL player Russell Okung began automatically converting half of his $ 13 million annual salary to Bitcoin.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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