United Soccer League (USL) footballer, Alex Crognale now receives as a lot as 15% of his wage from his membership, Birmingham Legion in Bitcoin (BTC).
The transfer, which was confirmed by the skilled footballer, was the primary of such within the USL, and the wage fee is being facilitated by crypto service supplier Bitwage.
“I have been buying Bitcoin since 2020 using various exchanges, Coinbase, Binance, CashApp, I’ve tried them all,” stated Crognale, including that: “the Bitwage platform allows me to dollar-cost average into Bitcoin with ease and without transaction fees. I have a percentage of my salary paid in cryptocurrency that is 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 financial mishaps.
“The United States Federal Reserve responded to the damaging impact of COVID-19 lockdowns by printing massive amounts of US dollars,” he commented. “The more stimulus money pumped into the economy, the less the dollars in our pockets are worth. Quantitative easing was necessary to keep our country from falling into a depression, but the long-term impact was understated if mentioned at all.”
After discovering the sunshine, 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 change into more and more appreciative of blockchain innovation, and its distinctive expressions together with cryptocurrencies. Many sports activities groups now settle for digital currencies for his or her merchandise, with a distinguished instance being Dallas Mavericks which now accepts Dogecoin as fee.
Endorsement offers, salaries, and sponsorship offers are actually additionally being paid in digital currencies, increasing the attain of the nascent asset class which many critics say is just too risky.
Picture supply: Columbuscrew.com