Sacramento Kings’ Players to Receive Wages in Bitcoin, Said the Team’s Owner

Bitcoin continues to dig its way into the National Basketball Association (NBA) as the Sacramento Kings have doubled down on their support. The particular team’s Chairman and TOP DOG, Vivek Ranadivé, informed earlier in a Clubhouse appearance that will everyone in the organization could start receiving their wages in BTC soon.

Bitcoin Dribbles in to the Kings’ Salaries

Based in Sacramento, California, the particular Sacramento Kings are an US professional basketball team and a member of the Western Meeting Pacific Division. The organization has shown a pro-Bitcoin approach for a long time as it was the first NBA team to introduce BTC as a means of payment with regard to tickets and merchandise in 2014.

During a recent Clubhouse appearance reported by Forbes, the Kings’ CEO, Chairman, and Governor, Vivek Ranadivé, announced one more major milestone in link with the primary cryptocurrency.

He said that all workers in the organization could soon start choosing whether they want to receive their salaries in the form of bitcoin instead of the dollar.

“I’m likely to announce in the next few days that I’m going to offer everybody in the Kings organization, they could get paid as much of their salary in bitcoin as they want, including the players. ”

Another NBA-bitcoin endeavor occurred last year when the Brooklyn Nets’ Spencer Dinwiddie raised $25 million within BTC from fans and allowed them to pick his next team.

The first-ever cryptocurrency has additionally made its way in to another popular sport in america – the NFL. Carolina Panthers’ Russell Okung receives half of his salary in bitcoin through a partnership Move.

Mavericks and Dogecoin

The particular Dallas Mavericks, owned from the popular entrepreneur and crypto supporter since recently Tag Cuban, has also displayed pro-crypto behavior. The Mavs introduced BTC payments a year after the Kings – in 2015.

After a rocky relationship and a few critiques through Cuban, the team bending down on its relationship using the cryptocurrency industry earlier this year. Nevertheless , this time it wasn’t simply bitcoin – it was Dogecoin.

After a huge popularity boost the meme coin received following endorsements through Tesla’s Elon Musk, Spy Dogg, and other celebrities, the Mavs started accepting DOGE payments for tickets and merchandise.

Around the question of why their team has chosen specifically Dogecoin, Cuban emphatically clarified, “because we can. ”

Post Author: blockchain

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