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

On Monday afternoon, Andre Iguodala, three-time NBA champion and the nonrecreational hoops subordinate for the Golden State Warriors, announced via Twitter that helium would beryllium taking a information of his estimated $2.647 million yearly wage successful Bitcoin (BTC). In addition, Iguodala added that helium volition springiness retired $1 cardinal worthy successful BTC to fans to summation the integer currency's adoption. Payments were said to beryllium facilitated by Block's (formerly Square) Cash App.

I’m excited to denote I’m taking portion of my wage successful BITCOIN w. Cash App! Bitcoin is the future, @klaythompson and I are some believers. To marque bitcoin much accessible, we're giving retired $1M successful bitcoin backmost to fans today. Drop your $cashtag w. #PaidInBitcoin & travel @CashApp

— andre (@andre) January 10, 2022

Iguodala joins the increasing database of celebrities, athletes, influencers, and authorities officials that are doing the same. At slightest seven NFL players are presently choosing crypto implicit currency salaries. Last year, Mayor of Miami Francis Suarez and New York City Mayor Eric Adams said they would take their paychecks successful BTC, with Suarez taking it up a notch by investing successful BTC with his 401(k) status savings arsenic well.

Taking paychecks successful BTC oregon different crypto could perchance payment some employers and employees alike. For starters, companies with ample percentages of planetary workers would not request their staff's backstage banking information, nor person to marque costly, dilatory turnaround ligament transfers to marque payments. In addition, it saves employees the occupation of moving their fiat funds to crypto exchanges for investments arsenic they tin readily swap the integer currencies they person for the 1 they wish. Volatility issues are besides easy resolved. Employees who are skeptical oregon bearish connected coins' near-term movements tin simply speech their crypto paycheck to stablecoins the instant they person them via a wallet oregon exchange.