Three-time NBA champion Andre Iguodala turned athlete to earn crypto salary

On Monday afternoon, NBA Champion Andre Iguodala, professional football coach for the Golden State Warriors, announced on Twitter that he would receive a portion of his salary of $ 2,647,000 in Bitcoin. Iguodala also announced that he will provide $ 1 million in BTC to fans to support Bitcoin. Payment will be handled by Block's (formerly Square) Money app.

Iguodala has joined many celebrities, athletes, influencers and government leaders. Currently, at least 7 NFL players are choosing cryptocurrency over wages. Last year Miami member Francis Suarez and New York member Eric Adams announced that they would pay their salaries in Bitcoin, and Suarez took it a step further and invested his 401 (k) retirement in Bitcoin. .

Paying in Bitcoin or other cryptocurrencies can be of great benefit to employers and employees. First, businesses with large numbers of employees around the world do not need employees' personal banking information or bear the costs and delays of wiretapping. Additionally, digital benefits received by employees can be redeemed for the desired cryptocurrency at any time, relieving employees of the effort of moving fiat currency to the cryptocurrency exchange. . Volatility issues can also be easily resolved. Employees who don't believe or are skeptical of the recent cryptocurrency but can exchange cryptocurrency for stable money as soon as they get their check from their wallet or exchange.