I fully believe that bitcoin is the future of finance. I will convert all my salary from the NFL from 2021 to #Bitcoin ”, as reported on his Twitter account, Sean Culkin, American player of the National Football League (NFL).
Payments will be made in dollars through the service for sending and receiving funds over the Bitcoin Lightning network, Strike, automatically converting them to BTC, according to a specialized medium.
Culkin, 27, has a $ 920,000 reserve contract with the Kansas City Chiefs football team.
“Taking 100% of one’s income in bitcoin might not be a smart financial decision for everyone,” he said. However, he assured that “his financial expenses of him, risk parameters and long-term conviction in bitcoin made it the right move.”
Regarding the volatility of the bitcoin market, the player indicated feeling calm. In that sense, he expressed that the Strike platform will allow him to keep his mind off the market movements and thus be fully involved in the season that begins on September 9.
Sean Culkin is a finance student at the University of Missouri and said that he has been researching the bitcoin market for some time.
He sees entering the bitcoin market as a long-term “gamble”. “The more he investigated and viewed everything from afar, he didn’t necessarily link volatility to risk. I realized that bitcoin is growing at an exponential rate ”, reported the sports network ESPN.
The player is aware that the bitcoin market will have setbacks and falls, but he sees the digital asset as a store of value. In the long run, it is a stored value. What makes bitcoin so intractable is its scarcity, “he added.
On his side, the CEO of the Strike platform, Jack Mallers welcomed Culkin. He confessed to being honored to be part of the “journey” that the Chiefs player undertakes.
“Congratulations brother! History will look back favorably on your conviction and willingness to act according to what you believe, “Mallers wrote on his social network.
Culkin followed in Russell Okung’s footsteps
Sean Culkin was not the first NFL player to show interest in bitcoin. Last year, Russel Okung, a Carolina Panthers player, got a deal in which he would pay her a portion of his salary in the largest cryptocurrency on the market.
Okung has promoted the adoption of bitcoin in different ways, one of them is through an educational project about the cryptocurrency, called Bitcoin Is (Bitcoin is), as reported by CriptoNoticias.
Bitcoin, the solution for paying salaries
The adoption of bitcoin and other cryptocurrencies as a salary, has not only reached sports. Recently, the American fast food chain Church’s Chicken, has decided to officially implement the payment of salary bonuses for its employees located in Venezuela with the cryptocurrency Dash.
For its part, the exchange Paxful recently published a report advising Argentine freelancers to collect salaries on crypto-asset platforms. He makes this recommendation to the residents of that country, highlighting the possibility that they have to later exchange cryptocurrencies for the blue dollar (parallel dollar in Argentina), in order to avoid devaluation.