Professional footballer Alex Crognale made history as the first United Soccer League (USL) player to receive a Bitcoin (BTC) salary.
USL players receive salaries in Bitcoin
The soccer player, who currently plays as a midfielder for the Birmingham Legion, confirmed this on his Twitter account, noting that he used the third-party provider Bitwage to get the exact 15% of my salary in BTC.
Crognale had an economic background and was quick to recognize the negative impact of the excessive money printing caused by the COVID-19 pandemic on the economy.
He commented: “The US Federal Reserve responded to the disastrous effects of fighting COVID-19 by printing large amounts of US dollars. The more stimulus money is pumped into the economy, the fewer dollars we have in our pockets. Quantitative easing is necessary to keep our country from falling into recession, but the long-term effects are undeniable when mentioned. “
Currently, Crognale believes that crypto and BTC in particular are “good money”, and noted that his decision to get his salary in Bitcoin and HODL, the digital currency, will give him an opportunity to continue studying. Others may want to take the same step.
“If I can help educate or inspire someone in my ability to take control of their wealth and turn it into good money, especially Bitcoin, I would love to take this opportunity to share my story. I said.
More and more sports organizations are relying on cryptocurrencies
One of the most notable trends in the digital currency ecosystem is the adoption of cryptocurrency by sports veterans around the world. Aside from Crognale using Bitcoin as a payment option, previous reports highlight the possibility of a digital token launch by football icon Fenerbahce Mesut Özil.
Özil will reportedly launch a token to promote his M10 StreetWear brand, which he launched last year, making him one of the top athletes exploring the token launch.
In addition to individual player acceptance of crypto innovations, a number of sports organizations are starting to work with crypto companies to conduct transactions in digital currency. In early August, the FTX derivatives exchange announced that it had acquired the naming rights to Cal Memorial Stadium on the University of California Berkeley campus for $ 17.5 million.
The current holder of the naming rights, Learfield, said it will accept payments in cryptocurrency. Since many aspects are billed to drive mainstream adoption of digital currencies, adoption by athletes and organizations is seen as a great contributor.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.