On Monday afternoon, three-time NBA champion Andre Iguodala, a professional basketball player from the Golden State Warriors, announced via Twitter that he would receive a share of his annual salary in BTC of around $2.647 million. He also said that he will be giving away $1 million BTC to his fans to increase the wider adoption of cryptocurrency The money will be distributed through Block’s Cash App (formerly Square).
Iguodala is one of the celebrities, athletes, influencers. and government officials who receive salaries in crypto And the list of these people is growing.
At least 7 NFL players choose to receive their salaries in crypto over cash.
last year Miami Mayor Francis Suarez and New York Mayor Eric Adams both said that he would earn his salary in BTC, with Suarez increasing his income through investing BTC with his 401(k) retirement savings.
Getting your salary in BTC or other coins is beneficial for both employers and employees. for example for beginners or a company with a large number of foreigners and do not need the financial information of the officers as well as not wanting to transfer money through a platform that is both expensive and slow. In addition, receiving a salary in crypto will reduce investment problems. When an employee wants to exchange fiat money for crypto, they can easily swap crypto. And also solved the problem of volatility as well.
Employees who remain skeptical or uncertain about the short-term movement of the coin can then exchange their crypto salaries for stablecoins as soon as they receive their salary via wallets or exchanges.
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