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

On
Monday
afternoon,
Andre
Iguodala,
three-time
NBA
champion
and
professional
basketball
player
for
the
Golden
State
Warriors,
announced
via
Twitter
that
he
would
be
taking
a
portion
of
his
estimated

$2.647
million

annual
salary
in
Bitcoin
(BTC).
In
addition,
Iguodala
added
that
he
will
give
out
$1
million
worth
of
BTC
to
fans
to
increase
the
digital
currency’s
adoption.
Payments
were
said
to
be
facilitated
by
Block’s
(formerly
Square)
Cash
App.

Iguodala
joins
the
growing
list
of
celebrities,
athletes,
influencers
and
government
officials
who
are
doing
the
same.
At
least

seven
NFL
players

are
currently
choosing
crypto
over
cash
salaries.
Last
year,
Miami
Mayor
Francis
Suarez
and
New
York
City
Mayor
Eric
Adams
said
they
would

take
their
paychecks

in
BTC,
with
Suarez
taking
it
up
a
notch
by
investing
in
BTC
with
his

401(k)
retirement
savings
as
well
.

Taking
paychecks
in
BTC
or
other
crypto
could
potentially
benefit
both
employers
and
employees
alike.
For
starters,
companies
with
large
percentages
of
international
workers
would
not
need
their
staff’s
private
banking
information,
nor
have
to
make
costly,
slow-turnaround
wire
transfers
to
make
payments.
In
addition,
it
would
save
employees
the
trouble
of
moving
their
fiat
funds
to
crypto
exchanges
for
investments
as
they
can
readily
swap
the
digital
currencies
they
receive
for
the
one
they
wish.
Volatility
issues
are
also
easily
resolved.
Employees
who
are
skeptical
or
bearish
on
coins’
near-term
movements
can
simply
exchange
their
crypto
paycheck
to
stablecoins
the
instant
they
receive
them
via
a
wallet
or
exchange.

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