Russell Okung Receives Half of His $13 Million Salary in Bitcoin

Bitcoin

Pro football player Russell Okung is now reportedly receiving half of his salary in bitcoin. Okung has been a staunch bitcoin advocate for years and he has been asking to be paid in bitcoin since May 2019. Then he tweeted on Tuesday that he was “Paid in bitcoin.”

Pro Football Star Receives Half of His $13 Million Salary in Bitcoin

However, Okung is not receiving bitcoin directly from the Panthers but through a third-party payment service called Strike, an application developed by Zap Solutions Inc., which helps people convert any percentage of their paychecks into bitcoin.

Under the agreement, the Panthers reportedly will pay part of Okung’s $13 million salary to Strike which will then pay Okung in bitcoin. Okung is the Panthers’ highest-paid player for the 2020 season.

Okung’s salary agreement is handled internally by the Panthers, CNBC explained, adding that the National Football League (NFL) and its players’ union were both unaware of Okung’s agreement until Tuesday’s announcement. However, they did not attempt to void or officially sign off on the agreement. An NFL spokesperson Brian McCarthy told the publication: “There wasn’t anything to sign off on. The clubs pay the players in US dollars. What the players or his agents do with the money is up to them.”

Okung said in a statement:

Money is more than currency; it’s power. The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.

The pro football star frequently tweets about bitcoin. “You can make ‘x’ a year and watch it slowly erode with inflation or you can protect your hard-earned money with bitcoin,” he wrote after announcing that he was paid in the cryptocurrency. “I’m freeing myself from fiat. You can too.” He elaborated:

When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post fiat world, you won’t have to worry about your labor and time being stolen.

Okung further tweeted Tuesday, “If you think elections are rigged wait until you learn about the US dollar.” In addition, he wrote, “If 2020 taught us anything, it’s that the world is rapidly changing” and “The next decade will be about bitcoin’s mass adoption.” In November, the pro athlete tweeted, “I’m irresponsibly long on bitcoin.”

Source: https://news.bitcoin.com/pro-football-star-russell-okung-13-million-salary-bitcoin/

RSS Latest Press Release

  • The Mold Girl Ramps Up Annual Air Quality Testing Following High Demand
    Daniel Island, SC – Entrepreneur Elizabeth Keefer, aka The Mold Girl, is stepping up to meet demand from worried residents concerned about their homes being afflicted with significant health hazards.   Keefer, a well-respected council-certified indoor environmental professional, is now offering annual air quality testing for homeowners worried their homes could have mold, allergens, or other […]
  • Wendy's and Google Cloud partner to enhance the Wendy's restaurant experience
    Wendy's®  and Google Cloud today announced a partnership to enhance Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights.Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order food in the drive-thru, on their mobile […]
  • Unique Custom Marine Vault Launches New Storage Boating Facility
    Pompano Beach, FL: A new 25,000 sqft boat storage warehouse has opened to offer the best complete boat care service in Florida’s Pompano Beach.   Owned and operated by Unique Custom Marine Vault, the unit is a safe and secure marine facility with an in-house mechanic and boat transporters.    “If you are looking for a […]
  • Dreamstime launches the "Cover of the Year 2021 in Romania" contest with prizes totaling 7,500 Euros.
    Dreamstime, the world’s largest stock photo community, together with Cărturești and PressOne, announces the launch of the "Cover of the Year 2021 in Romania" contest for book cover illustrations. Publishers or graphic artists who have published books with original covers throughout 2020 and 2021 are invited to participate. Participants can submit covers using stock media […]