Andre Iguodala, a legendary basketball player, becomes the latest basketball player to receive part of his salary in Bitcoin (BTC).
Andre Iguodala, a legendary basketball player, is also a successful tech investor and a partner in a well-known VC fund. He wanted to illustrate the disruptive technology’s potential once more by making an outlandish decision.
Bitcoin is used by NBA winners to pay their wages
Mr. Igoudala announced on Twitter that, beginning in January 2022, he will get a portion of his pay in Bitcoin (BTC). CashApp, a popular retail payments software in the United States, was chosen as the technical foundation for these payouts.
I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, @klaythompson and I are both believers. To make bitcoin more accessible, we’re giving out $1M in bitcoin back to fans today. Drop your $cashtag w. #PaidInBitcoin & follow @CashApp
andre (@andre) January 10, 2022Klay Thompson, a three-time NBA champion and one of the best shooters in league history, followed Mr. Igoudala in his decision. Igoudala adds that both players “believe” in Bitcoin since it is “the future.”
Mr. Iguodala and Mr. Thompson are hosting a Bitcoin (BTC) giveaway for all CashApp users to commemorate these announcements.
To be eligible for the NBA’s airdrop, Twitter users must remove their “cashtags” (human-readable public addresses on CashApp), follow the application’s main Twitter account, and use the hashtag #PaidInBitcoin.
Mr. Iguodala won the 2010 FIBA World Championship and the 2012 Summer Olympics with the United States National Basketball Team, in addition to being a three-time NBA champion with the Golden State Warriors.
The NBA and cryptocurrency have a long way to go
Klay Thompson, a five-time NBA All-Star, has joined Igoudala’s project after returning to the league after missing two seasons due to an anterior cruciate ligament (ACL) injury.
Iguodala and Thompson are far from alone in the NBA in their enthusiasm for cryptocurrency. Stephen Curry, the NBA Champion, dropped NFTs on Polygon (MATIC) two weeks ago to commemorate his 2,974th three-pointer.
In addition, the NBA, NBA G League, Women’s National Basketball Association (WNBA), and other affiliated leagues have signed an exclusive agreement with Coinbase, a leading crypto ecosystem based in the United States.
