NBA team Sacramento Kings offers players salary in Bitcoin

Sacramento Kings

Getting there! American professional basketball team Sacramento Kings has announced that it will offer everyone in its organization the option of getting their salary paid in Bitcoin.

This includes coaching and support staff, as well as all the players.

Team chairman Vivek Ranadive reportedly confirmed this on Monday that everyone in his organization could receive their salary in as much bitcoins as they want. Bitcoin enthusiast Neil Jacobs who was present at the Clubhouse meeting quoted Ranadive as saying:

The Sacramento Kings have quite a history with the cryptocurrency.

It became the first NBA team to accept Bitcoin as a payment option in the arena in January 2014, through BitPay. In 2014, it also became the first professional sports team in the world to mine cryptocurrency through a charitable program called MiningForGood.

Sacramento Kings also launched the first NBA live blockchain powered auction platform for authentic memorabilia with Consensys and Treum.

In addition to all that, the Kings collaborate with Blockparty on a blockchain powered rewards program, and has joined forces with CryptoKaiju to launch a line of physical crypto collectibles in professional sports.

However, pro football player Russell Okung is a step ahead of these folks here. He confirmed in January that he is already being paid in Bitcoin, receiving half of his $13 million salary in the cryptocurrency.


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