United Soccer League (USL) football star Alex Crognale now receives as a lot as 15% of his salary from his membership, Birmingham Legion in Bitcoin (BTC).
The transfer, which was confirmed by the professional footballer, was the first of such in the USL, and the salary payment is being facilitated by crypto service provider Bitwage.
“I have been shopping for Bitcoin since 2020 using various exchanges, Coinbase, Binance, CashApp, I’ve tried them all,” stated Crognale, including that: “the Bitwage platform permits me to dollar-cost common into Bitcoin with ease and without transaction charges. I have a percentage of my salary paid in cryptocurrency that’s direct-deposited into my wallet.”
Crognale is a graduate of economics, a qualification that makes him see the prevalence in holding Bitcoin within the place of fiat currencies amid the broad economic mishaps.
“The US Federal Reserve responded to the damaging effect of COVID-19 lockdowns by printing large amounts of US dollars,” he commented. “The more stimulus money pumped into the economy, the less the dollars in our pockets are price. Quantitative easing was essential to hold our nation from falling into a depression, but the long-term impact was understated if talked about in any respect.”
After discovering the light, Crognale stated he’ll now be wanting ahead to educating others to embrace Bitcoin, which he now sees as ‘sound money’.
Sporting icons and organizations have turn into more and more appreciative of blockchain innovation, and its distinctive expressions together with cryptocurrencies. Many sports teams now settle for digital currencies for his or her merchandise, with a prominent instance being Dallas Mavericks which now accepts Dogecoin as payment.
Endorsement deals, salaries, and sponsorship deals at the moment are additionally being paid in digital currencies, increasing the reach of the nascent asset class which many critics say is too risky.
Source: Blockchain News