Hedge, a fintech business that converts wages into Bitcoin, Litecoin, or Ethereum, has teamed with MLS veteran forward CJ Sapong to immediately transfer a portion of his paycheck into cryptocurrency.
CJ Sapong is a well-known cryptocurrency fan who, after leading his team to the playoffs, is now advising Hedge as the firm bursts into the market. Nashville’s number 17 will also utilize Hedge to convert a percentage of his 2021 MLS bonuses and future salary cheques into cryptocurrency. He explained:
“My experience with the team at Hedge has brought a lot of educational tools and resources that have increased my comfort and knowledge of the blockchain and cryptocurrency. Now with Hedge’s payroll conversion platform I can focus on my profession knowing that success on the field is directly linked to financial freedom off of it.”
CJ Sapong is utilizing Hedge to smooth out market volatility as he works to expand his own digital currency nest eggs by employing the approach of dollar-cost averaging through automated conversion of his paychecks with gethedge.io.
David Schwartz, Hedge founder, said:
“Hedge is proud to work with CJ Sapong and are excited that this dynamic professional athlete is helping lead the movement in making Crypto easier and more accessible for more Americans than ever before,”
Hedge is designed to expand, so employees can easily convert a portion of their payroll remuneration into cryptocurrency and safely deposit it into their own wallets or leave it on Hedge.
Hedge’s platform allows a person’s salary to be delivered from employer to employee in government-backed money like the dollar, so neither side incurs a separate taxable event at the initial source of pay.
Employers of all sizes, from family-owned enterprises to Fortune 500 corporations, will be able to offer the service as an employee-driven choice while remaining entirely compliant and cost-free to the organization.