NFL Player (Russell Okung) Gets 50% Of Salary Paid In Bitcoin

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Last Updated on 30 December 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Whoever said that athletes weren’t the brightest of them all, needs to go and talk to Russell Okung. The resident tackle (don’t ask me about NFL rules though) of the Carolina Panthers has been demanding ever since May of 2019 that part of his contract be paid in Bitcoin.

Okung explained after the news made US headlines:

Money is more than currency; it’s power. The way money is handled from creation to dissemination is part of that power. Getting paid in Bitcoin is the 1st step of opting out of the corrupt, manipulated economy we all inhabit.

As of yesterday, at least half of his $13 million annual salary will be sent to him in the form of the best known cryptocurrency, thanks to an agreement with Zap, a startup that developed a way for his demand to be met.

Technically speaking Russell will still be paid in fiat money through his employer, but the NFL team agreed to immediately convert half of his salary into Bitcoin through the Zap startup.

Jack Mallers, founder of Zap said:

It’s a big, big deal that we found a way to allow any individual to receive a percentage of their labor in bitcoin.

According to the well-informed New York Post, unnamed players on both the Yankees and Brooklyn Nets are demanding a similar deal.

Advertentie.

Gisele Bundchen

Then again, there was a doomsday comment to the news as well, when someone stated on Twitter:

Remember when Gisele Bundchen insisted upon being paid in Euros rather than USD? Yeah that preceded the Euro’s peak by 3 months. Celebrity currency preferences are a contra-indicator.

If that guy’s right, then Bitcoin should come crashing down in March again, just like it did… this year. Wait and see we say.