CEO Sacramento Kings: Everyone in the organization could receive their pay in as much Bitcoin as they wanted
Recently, at Clubhouse, Vivek Ranadivé, President, CEO, and Governor of Sacramento Kings announced that everyone in the organization can receive salaries in Bitcoin if they want.
Sacramento Kings will offer Bitcoin as salary to players
“I’m going to announce in the next few days that I’m going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players.”
Sacramento Kings announced in 2014 that it will be accepting Bitcoin for payment for goods in their team’s store in partnership with BitPay payment processor.
At the time, Ranadivé told ESPN:
“When I sold the NBA on keeping the team in Sacramento, my pitch included using the sports franchise as a social network to push the technology envelope.”
Ranadivé further explained that Bitcoin adoption then took a step closer to fans leaving their wallets at home, as his own children would ask him why the Kings wouldn’t accept Bitcoin.
As Bitcoin continues to grow in popularity and mainstream acceptance, numerous organizations from major U.S. banks, PayPal, and even Chipotle are starting to offer services related to Bitcoin, whether it is a custody service, to use as payments, or part of a promotion. Elon Musk’s announcement earlier this year that Tesla would accept Bitcoin as payments seem to have started the trend among corporations in using cryptocurrency as part of its marketing strategy.
Meanwhile, spending time on Clubhouse discussing Bitcoin can attract and provide access to those who usually engage in a conversation would be quite difficult to do so. Just two days ago, Michael Saylor, CEO of Microstrategy, dropped into a room with fellow Bitcoiners and answered their questions for about an hour, demonstrating the power of access that the app provides and what led to the news from Ranadivé and the Sacramento Kings.
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