NBA’s Sacramento Kings to offer the players a salary in Bitcoin (BTC)

Professional American basketball business Sacramento Kings will allow the players and staff to get salaries in Bitcoin (BTC) , the chairman Vivek Ranadivé reportedly revealed during a conversation upon Clubhouse yesterday.

“I’ m going to announce in the next few days that I’ m going to offer everyone in the Kings organization, they could get paid as much of their salary in Bitcoin as they really want, including the players, ” said Neil Jacobs, a regular pemandu for Café Bitcoin upon Clubhouse, citing Ranadivé.

According to Forbes , Ranadivé initially planned in order to announce the move a bit later this week but revealed it in a voice talk (a “room”) called “Draper and Friends” and hosted by well-known venture capitalist Tim Draper and earlier Bitcoin investor Bruce Fenton.

At the same time, Sacramento Kings’ latest push pertaining to Bitcoin adoption is hardly surprising. The organization has already been acknowledging BTC payments for its merchandise and other products since 2014 thanks to a partnership with payment processor BitPay .

Ranadivé told ESPN previously:

“When I sold the NBA on keeping the team in Sacramento, my frequency included using the sports business as a social network to press the technology envelope. ”

At the time, he explained that also his own kids began asking why the team didn’t accept Bitcoin.

Bitcoin, not anything new?

Meanwhile, Mark Cuban , billionaire investor and owner associated with NBA team Dallas Mavericks, argued that paying salaries in Bitcoin doesn’t actually bring anything new to the particular table. Cuban told CoinDesk :

“Any player can convert their income to any crypto they will choose. Paying in BTC or any crypto doesn’t really do anything. I would rather maintain my BTC. ”

Meanwhile, as CryptoSlate previously reported, the NBA has also become a household name in the crypto industry following the non-fungible token marketplace NBA Top Shot exploded in popularity over the past months, generating hundreds of millions associated with dollars in sales .

Just recently, Top Shop developer Dapper Labs had elevated $305 million in funding with involvement with NBA stars for example Michael Jordan, Kevin Durant, Andre Iguodala, Kyle Lowry, Spencer Dinwiddie, and many others. Wonder who’ s to come next.

The post NBA’s Sacramento Nobleman to offer its players a salary in Bitcoin (BTC) appeared first on CryptoSlate .

Post Author: blockchain

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