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3x NBA champion Andre Iguodala turns into the most recent athlete to obtain wage in crypto

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Iguodala mentioned he will even be giving out $1 million price of BTC to followers to extend the cryptocurrency’s adoption.

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3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto

On Monday afternoon, Andre Iguodala, three-time NBA champion {and professional} basketball participant for the Golden State Warriors, introduced by way of Twitter that he could be taking a portion of his estimated $2.647 million annual wage in Bitcoin (BTC). As well as, Iguodala added that he’ll give out $1 million price of BTC to followers to extend the digital foreign money’s adoption. Funds had been mentioned to be facilitated by Block’s (previously Sq.) Money App.

I’m excited to announce I’m taking a part of my wage in BITCOIN w. Money App! Bitcoin is the longer term, @klaythompson and I are each believers. To make bitcoin extra accessible, we’re giving out $1M in bitcoin again to followers at present. Drop your $cashtag w. #PaidInBitcoin & comply with @CashApp

— andre (@andre) January 10, 2022

Iguodala joins the rising record of celebrities, athletes, influencers and authorities officers who’re doing the identical. No less than seven NFL gamers are at the moment selecting crypto over money salaries. Final yr, Miami Mayor Francis Suarez and New York Metropolis Mayor Eric Adams mentioned they’d take their paychecks in BTC, with Suarez taking it up a notch by investing in BTC together with his 401(okay) retirement financial savings as effectively.

Taking paychecks in BTC or different crypto might probably profit each employers and staff alike. For starters, firms with massive percentages of worldwide staff wouldn’t want their workers’s non-public banking info, nor should make expensive, slow-turnaround wire transfers to make funds. As well as, it will save staff the difficulty of shifting their fiat funds to crypto exchanges for investments as they will readily swap the digital currencies they obtain for the one they want. Volatility points are additionally simply resolved. Staff who’re skeptical or bearish on cash’ near-term actions can merely alternate their crypto paycheck to stablecoins the moment they obtain them by way of a pockets or alternate.

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