STAFEFRS SAY THEY HAVEN’T LET A SINGLE DOSE GO TO WASTE. NEW AT NOON, KANSAS CITY CHIEFS TIGHT END SEAN CULKIN HAS ANNOUNCED THAT HE WILL TAKE THE ENTIRETY OF HIS 2023 BASE SALARY IN BITCOIN. THAT’S REPORTEDLY AROUND $920,000. IN A TWEET CULKIN SAID I FULLY BELIEVE BITCOIN IS THE FUTURE OF FINANCE AND I WANTED TO PROVE THAT I HAVE REAL SKIN IN THE GAME NOT JUST TRYING TO MAKE A QUICK BUCK. HE SIGNED WITH THE CHIEFS IN EARLY FEBRUARY AND PLAYED
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This NFL participant is the primary to transform his whole wage into bitcoin
Up to date: 5:19 PM CDT Apr 26, 2023
Kansas Metropolis Chiefs tight finish Sean Culkin introduced on Monday that he’ll take the whole lot of his 2023 base wage – reportedly round $920,000 – in bitcoin.”I totally consider Bitcoin is the way forward for finance,” Culkin stated in a social media publish. “I needed to show that I’ve actual pores and skin within the sport — not simply attempting to make a fast buck.”Culkin – who signed with the Chiefs in early February and performed his school soccer at Mizzou – is the primary NFL participant to be paid completely in bitcoin, based on Yahoo Finance’s CoinDesk.Offensive sort out Russell Okung, who famously adopted by way of on his declaration to “pay me in bitcoin,” nonetheless takes half of his $13 million wage in fiat, Yahoo reported.Yahoo reported Culkin will begin stacking biweekly sats through Zap’s Strike, the identical fiat-to-bitcoin wage conversion service Okung makes use of. The Chiefs are conscious of Culkin’s association, however he stated his reserve contract continues to be denominated in {dollars}.”Taking 100% of 1’s revenue in BTC may not be a clever monetary determination for everybody,” Culkin informed Yahoo. However he stated his monetary bills, threat parameters and long-term conviction in bitcoin made it the fitting transfer for him.”Skilled athletes in the present day function as impartial companies and are extra subtle buyers than they’ve ever been earlier than,” Zap CEO Jack Mallers stated in an announcement.”We’re excited to assist facilitate the rising intersection between sports activities and finance by changing his whole NFL wage to bitcoin.”
Kansas Metropolis Chiefs tight finish Sean Culkin introduced on Monday that he’ll take the whole lot of his 2023 base wage – reportedly round $920,000 – in bitcoin.
“I totally consider Bitcoin is the way forward for finance,” Culkin stated in a social media publish. “I needed to show that I’ve actual pores and skin within the sport — not simply attempting to make a fast buck.”
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Culkin – who signed with the Chiefs in early February and performed his school soccer at Mizzou – is the primary NFL participant to be paid completely in bitcoin, based on Yahoo Finance’s CoinDesk.
Offensive sort out Russell Okung, who famously adopted by way of on his declaration to “pay me in bitcoin,” nonetheless takes half of his $13 million wage in fiat, Yahoo reported.
Yahoo reported Culkin will begin stacking biweekly sats through Zap’s Strike, the identical fiat-to-bitcoin wage conversion service Okung makes use of. The Chiefs are conscious of Culkin’s association, however he stated his reserve contract continues to be denominated in {dollars}.
“Taking 100% of 1’s revenue in BTC may not be a clever monetary determination for everybody,” Culkin told Yahoo. However he stated his monetary bills, threat parameters and long-term conviction in bitcoin made it the fitting transfer for him.
“Skilled athletes in the present day function as impartial companies and are extra subtle buyers than they’ve ever been earlier than,” Zap CEO Jack Mallers stated in an announcement.
“We’re excited to assist facilitate the rising intersection between sports activities and finance by changing his whole NFL wage to bitcoin.”
