NBA: Sacramento Kings to offer Bitcoin as salary to players


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NBA: Sacramento Kings to offer Bitcoin as salary to players

Vivek Ranadivé, President and CEO of the Sacramento Kings, announced a measure that generated an outbreak in the NBA: all the members of your organization could be paid in the amount of Bitcoin they wanted.

“I am going to announce in the next few days that I am going to offer everyone in the Kings organization that they can be paid as much of their salary in bitcoins as they want, including the players.”Ranadivé said, according to Forbes.

IT’S NOT THE FIRST TIME KINGS BETTED BITCOINS

The Sacramento Kings announced in 2014 that they would accept Bitcoin as payment for merchandise at their team store in partnership with payment processor BitPay. At that time, Ranadivé explained that accepting Bitcoin was one step closer to fans leaving their wallets at home, as his own children asked him why the Kings did not accept Bitcoin.

As Bitcoin continues to grow in popularity and widespread acceptance, numerous organizations from major US banks are beginning to offer Bitcoin-related services, be it an escrow service, to use as payment, or as part of a promotion.

Did Bitcoin come to the NBA to stay and be the next form of salary payment? Time will tell.


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