Copy link
Increase text size
Decrease text size
Link copied

Bitcoin salary option will soon be available to Sacramento Kings players and staff

Sacramento Kings is set to become the first major sports franchise to offer a Bitcoin salary option to its player and staff.

Image by: Michael Tipton / Flickr

Tue, 06 Apr 2021, 16:10 pm UTC

Bitcoin is finally making its way into sports. Players of the NBA team Sacramento Kings will soon have the option to receive their salary in BTC, the world’s largest crypto in terms of market cap.

Sacramento Kings Chairman, Governor, and CEO Vivek Ranadivé announced that all members of his organization will soon have the option to receive their pay in Bitcoin, according to Forbes. The CEO made his announcement on Monday evening at an event organized by the “Satoshi Roundtable” club, which was hosted by venture capitalist Tim Draper and co-hosted by well-known Bitcoin advocate Bruce Fenton.

Sacramento Kings’ decision to offer a Bitcoin salary option was later confirmed by Neil Jacobs, a member of the Clubhouse audience. “I'm going to announce in the next few days that I'm going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players,” Ranadivé said, according to Neil Jacobs in a tweet.

The move will make the Sacramento Kings become the first major sports franchise to offer a Bitcoin salary option to its player and staff, according to Cointelegraph. It would also cement its position as one of the most crypto-forward teams in sports.

Back in 2014, the Sacramento Kings made waves when they announced that they would accept Bitcoin as payment for merchandise from their team store. This was made possible through a partnership with the payment processor BitPay. “When I sold the NBA on keeping the team in Sacramento, my pitch included using the sports franchise as a social network to push the technology envelope,” Ranadivé said.

As crypto adoption increases, some companies are already considering giving the employees the option to receive their salary in cryptocurrency. For instance, Twitter recently announced that it is considering using BTC to pay for its employees’ salary or add the crypto to its books.

“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin, how we might pay a vendor should they ask to be paid in Bitcoin, and whether we need to have Bitcoin on our balance sheet,” Twitter CFO Ned Segal said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • christalice
  • 2021.04.30 12:49:51
I have seen and tried different strategies and methods, until I lost a lot of money trying it. It was not until I presented this new strategy that I started up again and managed to recover my lost money and still achieve constant growth in my trade. Mr Oliver Donald is an incredible professional, with vast experience and a deep knowledge of agricultural negotiation, he helps me to accept the financial sanction. I have earned over $54,000 within three months of trading with him. Do not hesitate to contact him because he is a good marketer to invest with when you want to invest in cryptocurrency.

* Invest $ 300 and earn $ 3,000 per week
* Invest $ 600 and earn $ 6,000 per week
* Invest $ 1,000 and earn $ 12,000 per week
* Invest $ 2,500 and earn $ 30,000 per week

all in weekly earnings and 100% guaranteed. (Guaranteed payments) Do not hesitate to contact Mr Oliver Donald if you are interested. email:  [email protected] . com    WhatsApp +1 (720) 466-3701  
  • 0
  • ·
  • 0
  • Bitcoin (btc) $55,979.00 (-4.87%)
  • Ethereum (eth) $3,987.62 (+1.40%)
  • Binance Coin (bnb) $639.18 (-5.85%)
  • XRP (xrp) $1.42 (-10.52%)
  • Dogecoin (doge) $0.466833 (-17.10%)
  • Bitcoin (btc) $55,979.00 (-4.87%)
May 11, 2021 (Tuesday)
BTC Surges by 1.09% Within 5 Mins, Marking 56,425.96 USDT
May 10, 2021 (Monday)
BTC Surges by 1.07% Within 5 Mins, Marking 56,137.8 USDT
BTC Drops by 1.32% Within 5 Mins, Marking 54,599.82 USDT
BTC Drops by 2.93% Within 5 Mins, Marking 54,113.6 USDT
BTC Surges by 1.02% Within 5 Mins, Marking 57,991.78 USDT
BTC Surges by 1.25% Within 5 Mins, Marking 57,203.8 USDT
ETH Tops List Of Crypto Net Inflow With $861.53 Mln In Past 18 Hours
CZZ's Wrapped Token HCZZ On HECO Launched On DogeSwap
TriumphX Signed Exclusive Contract With Metaverse NFT Artist 'RisingSun (Kim Il-dong)'
May 9, 2021 (Sunday)
BTC Drops by 1.13% Within 5 Mins, Marking 56,341.2 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 59,088.8 USDT
May 8, 2021 (Saturday)
BTC Surges by 1.04% Within 5 Mins, Marking 58,789.89 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 57,534.72 USDT
DOGE Tops List Of Crypto Net Inflow With $1.2 Bln In Past 18 Hours
Class ZZ Adds SHIB To Swap Section
BTC Surges by 1.39% Within 5 Mins, Marking 58,528.11 USDT
Crypto Market Sentiment On May 08: Market In "Greed"
DOGE Tops List Of Crypto Net Inflow With $1.23 Bln In Past 10 Hours
May 7, 2021 (Friday)
BTC Surges by 1.06% Within 5 Mins, Marking 57,784.1 USDT
BTC Surges by 1.15% Within 5 Mins, Marking 57,399.99 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.