Tesla Motors (TSLA) – The NBA’s Sacramento Kings gamers will quickly be paid in Bitcoin, the CEO says
Vivek Ranadivé, owner and CEO of the Sacramento Kings, said he would soon announce that all employees and players can be paid in Bitcoin (CRYPTO: BTC).
What happened: Ranadivé made the reveal in a clubhouse discussion moderated by Tim Draper and said, “I will announce in the next few days that I will offer everyone in the Kings organization that they can get as much of their salary.” Bitcoin any way you want, including players. “
At the time of writing, details of how the team would facilitate these payments to players and staff were unclear.
Why it matters: The move would make the Sacramento Kings the first major sports franchise to offer its employees Bitcoin as a payment option and further solidify the team’s cryptocentric outlook.
In 2014, the Sacramento Kings became the first NBA team to accept Bitcoin as a means of payment for tickets, goods and even hot dogs.
Five years later, the NBA team rewarded its most loyal fans with a crypto reward token called “Kings Token,” an ERC-20 token that runs on the Ethereum blockchain.
With the market-leading cryptocurrency steadily gaining in price since September 2020, most employees find it difficult to turn down the option to get paid in Bitcoin, even Elon Musk said he wouldn’t mind.
Neither do I
– Elon Musk (@elonmusk) January 9, 2021
At the time of writing, Bitcoin was trading at $ 58,052, up 1.82% over the past 24 hours. According to CoinMarketCap, the trading volume for the digital asset also increased by over 20% over the same period.
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