TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Sacramento Kings offers staff and players an option to get paid in BTC 2021

by souhaib
April 6, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Renowned American professional basketball team Sacramento Kings is set to start offering its staff and players a Bitcoin (BTC) payment option. A report unveiled this news on April 6, noting that the team’s chairman, Vivek Ranadivé, previewed this information on Clubhouse session with Tim Draper. Allegedly, Ranadivé is set to give an official announcement later this week.

You might also like

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

According to the report, this move will see Sacramento Kings become the first major sports team to let its staff and players chose whether they would like to receive all or part of their salaries in BTC. Apart from this, the team will also cement Sacramento Kings’ claims of being the most pro-crypto team in the professional sports sector.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

While the team interaction with crypto in the past ranged from accepting BTC for tickets and jerseys to rolling out reward tokens for its fans, it remains unclear how it will enable BTC payments.

Increasing crypto adoption in the professional sports industry

This news comes after the Dallas Mavericks announced plans to start accepting Dogecoin (DOGE) as payment for tickets and merchandise in the past month. Reportedly, the team joined hands with BitPay to enable this feature. At the time, Mark Cuban, the team’s owner said that the team chose to embrace crypto because it has the ability to do so.

While Cuban was bullish over the news of his team adopting DOGE, he ridiculed Sacramento Kings’ plan to pay players and staff in BTC saying that any player has the option to convert their pay into any cryptocurrency. He added that paying players in BTC does not change anything and that he would prefer holding his BTC instead.

Apart from professional sports teams adopting crypto, individual players are also dipping toes in the nascent asset class. An example is National Football League player Russell Okung, who converted half of his £9.39 million income to BTC late last year. Okung managed to do this through Zap’s Strike, a solution that enables the conversion of traditional paychecks into BTC.

Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice,
eToro:

visit & create account



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Labour MP Claudia Webbe is ridiculed online after claim about map showing African colonies in 1884

Next Post

Stacks(STX), Bitcoin Gold (BTG) and Ripple (XRP) Price Analysis April 2021

souhaib

Recommended For You

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more

Cardano(ADA) Looking for a Breakout, A Scalp to $1.23 May be Extremely Possible! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

The Cardano(ADA) price had plateaued after falling down from a huge mountain. The top 6th crypto asset in recent times has accumulated significant gains and may continue surging...

Read more
Next Post

Stacks(STX), Bitcoin Gold (BTG) and Ripple (XRP) Price Analysis April 2021

No Result
View All Result

Recent Posts

  • What will it take to get Hungary to ban Russian oil? – POLITICO
  • NBA Mock Draft: With three clear top prospects who does Orlando take first?
  • Show Operations 90% off Discount
  • 4 Tips to Working with a Self Employed Mortgage Specialist
  • GlucoRun | Effective Blood Sugar Support Reviews 2022

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.