Carolina Panthers’ attacking lineman Russell Okung said he was paid in bitcoin after asking to be paid in the cryptocurrency for nearly two years. The Panthers reportedly direct half of his $ 13 million salary to the Strike wallet, which converts the payment into bitcoin for Okung.
Russell Okung ‘Paid in Bitcoin’
Professional footballer Russell Okung is now reportedly receiving half of his salary in bitcoin. Okung has been a staunch supporter of bitcoin for years and has been asking to be paid in bitcoin since May 2019. He then tweeted on Tuesday that he was “paid in bitcoin”.
However, Okung does not receive bitcoin directly from the Panthers, but through a third-party payment service called Strike, an application developed by Zap Solutions Inc. that helps people convert any percentage of their salary into bitcoin.
Under the agreement, the Panthers will reportedly pay a portion 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 deal is being handled internally by the Panthers, CNBC explained, adding that the National Football League (NFL) and the players union were both unaware of Okung’s agreement until Tuesday’s announcement. However, they have not tried to annul or officially sign the agreement. An NFL spokesman Brian McCarthy told the publication, “There was nothing to sign off. The clubs pay the players in US dollars. What the players or his brokers do with the money is up to them. “
Okung said in a statement:
Money is more than currency; it is strength. The way money is handled from creation to distribution is part of that power. Getting paid in bitcoin is the first step in getting out of the corrupt, manipulated economy that we all inhabit.
The professional football player regularly 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 he was being paid in the cryptocurrency. ‘I’m freeing myself from 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 don’t have to worry about your work and time being stolen.
Okung went on to tweet Tuesday, “If you think elections have been faked, wait to find out about the US dollar.” In addition, he wrote, “If 2020 has taught us anything, it’s that the world is changing rapidly” and “The next decade will be about the mass adoption of bitcoin.” In November, the professional athlete tweeted, “I’ve been on bitcoin for irresponsibly long.”
Do you think more professional athletes want to get paid in bitcoin? Let us know in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, The Panthers
Disclaimer: This article is for informational purposes only. It is not a direct offer or invitation to an offer to buy or sell, or a recommendation or endorsement of products, services, or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.