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October 3, 2022
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Russell Okung of the Panthers is the first NFL player to be paid in bitcoin

This was revealed by Yahoo Finance, pointing out that this is not just the first player in major football league to have his salary paid at BTC, but actually the first in any major sports league in the United States.

In fact, your annual salary of US $ 13 million will be divided in half, with 50% normally paid in dollars and the other 50% in BTC.

Everything will be made possible through Strike, a service from the startup Zap founded by Jack Mallers that allows wages to be paid in bitcoin.

Mallers revealed that authorization from the NFL and NFL Players Association was needed to confirm the deal, and said that other professional athletes from NBA (basketball) and MLB (baseball) also started to participate in the Zap program.

The team Carolina Panthers, for whom Okung plays, will pay the Strike’s salary in dollars, leaving the company to exchange half of it for BTC and send all the money to the player.

By the way, Okung chose to receive BTC in his own wallet, revealing a clear intention to keep it, instead of spending it.

Russell Okung the first player to be paid in Bitcoin

In 2019, the player tweeted:

Pay me in Bitcoin

Now your order has come true, so much so that yesterday Okung tweeted:

Paid in Bitcoin

Okung has been a bitcoiner for quite some time and may be paving the way for a new use of BTC.

In fact, there are some professionals, like athletes, who have a rich, but short, professional career.

In other words, in relatively few years they profit from most of their earnings over a lifetime, having to worry about how to preserve them for the future.

At a time when concerns about inflation of fiat currencies are very high, those who need to store large amounts for many decades seek alternative solutions to fiat currencies in order to reduce losses due to inflation. In such a scenario, bitcoin may be a better store of value due to its deflationary nature.

Therefore, it cannot be ruled out that other professionals follow in Okung’s footsteps.

Source: Cryptonomist

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