Two NBA players to receive part of their salary in bitcoin

The pair, Klay Thompson and Andre Iguodala, both play for the Golden State Warriors

The National Basketball Association (NBA) logo                                 
Two basketball players are opting for a bitcoin salary – Photo: Alamy
                                

Klay Thompson and Andre Iguodala, two players from the Golden State Warriors, an American professional basketball team based in San Francisco that competes in the National Basketball Association (NBA), are to take part of their salary in bitcoin (BTC).

Thompson and Iguodala announced the news via their respective Twitter feeds. To handle the bitcoin portion of their salaries, the two NBA players will be using Cash App – a mobile payment service, developed by Block, which allows you to spend, save and invest in stocks or BTC, and receive payment for work.

Thompson said he believes BTC “is the future of money” – and to make it more accessible, the pair of NBA players are giving away $1m (£0.73m) worth of BTC.

In order to have a chance of winning the BTC prize, followers must tweet the hashtag #PaidInBitcoin and follow @CashApp.

Golden State Warriors partner with FTX

The team the duo play for is no stranger to the world of crypto. In December 2021, the Golden State Warriors announced that cryptocurrency derivatives exchange FTX had become the team’s official cryptocurrency platform and non-fungible token (NFT) marketplace.

This partnership made FTX the first international rights partner for the Warriors, and gives FTX a visible market presence at the Warriors’ home stadium, the Chase Center, as well as brand placement with the Warriors’ G League affiliates Santa Cruz Warriors, and the right to produce NFTs related to the team. Additionally, FTX will have their logo placed on the Warriors’ esports brands during NBA 2K League games.

FTX.US will start dropping Warriors NFTs in early 2022.

Other athletes using Cash App

In November 2021, Odell Beckham Jr, a player for the Los Angeles Rams in the American National Football League (NFL), announced that he will take his salary in BTC in the future.

A video that Beckham Jr posted on Twitter at the time explained that the NFL star will, like Thompson and Iguodala, be using Cash App to handle the salary transactions.

In the video Beckham Jr, who plays in the wide receiver position, said: “It’s the start of a new era, I’m looking forward to the future!”

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