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On Monday afternoon, three-time NBA champion Andre Iguodala, a professional basketball player for the Golden State Warriors, announced on Twitter that he would take a portion of his estimate. $2.647 million Bitcoin annual salary (Bitcoin). Additionally, Iguodala added that he will be giving away $1 million worth of BTC to fans to increase the adoption of the digital currency. Block’s (formerly Square) cash app is said to facilitate payments.
I am happy to announce that I will be receiving part of my salary in BITCOIN w. Cash App! Bitcoin is the future, @Klay Thompson I am a believer. To make bitcoin more accessible, we are returning $1 million in bitcoin to fans today. Drop your $cashtag w. #PaidInBitcoin & follow @CashApp
– others (@andre) January 10, 2022
Iguodala joins a growing list of celebrities, athletes, influencers and government officials.At least seven NFL players Currently opting for crypto over cash wages.Last year, Miami Mayor Francis Suarez and New York City Mayor Eric Adams said they would take their salary In BTC, Suarez takes it up a notch by investing in BTC 401(k) retirement savings.
Paying salaries in BTC or other cryptocurrencies may benefit both employers and employees. First, companies with large numbers of international employees don’t need employees’ private banking information or make expensive, slow wire transfers. Also, it saves employees the hassle of transferring fiat funds to cryptocurrency exchanges for investment, as they can easily exchange the digital currency they receive for the digital currency they want. Volatility issues are also easy to fix. Employees who are skeptical or bearish about the coin’s recent movements can simply exchange the cryptocurrency for stablecoins the moment they receive it through a wallet or exchange.
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