Klay Thompson receives his salary in Bitcoin with Cash App
Klay Thompson receives his salary in Bitcoin with Cash App
Bitcoin

Klay Thompson receives his salary in Bitcoin with Cash App

By Stefania Stimolo - 11 Jan 2022

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Klay Thompson, a professional in the NBA with the Golden State Warriors, has announced to receive a part of his salary in Bitcoin with Cash App.

Klay Thompson, salary in Bitcoin with Cash App

The Golden State Warriors’ number 11 announced yesterday that he will be getting part of his salary in Bitcoin, using Cash App. 

“I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money 🌚 Plus I’m giving out $1M in btc with @andre right NOW. Just follow @CashApp + drop your $cashtag below w/ #PaidInBitcoin”.

After two years without playing due to rehab, Klay Thompson definitely seems to be back on the court with a different perspective on his salary. In fact, Thompson is choosing the queen of crypto, Bitcoin, calling it the future of money

His teammate, Andre Iguodala, is also following the movement, sharing it on the social network of crypto-lovers, Twitter:

“I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, @klaythompson and I are both believers. To make bitcoin more accessible, we’re giving out $1M in bitcoin back to fans today. Drop your $cashtag w. #PaidInBitcoin & follow @CashApp”.

Andre Iguodala
Andre Iguodala

Bitcoin salary for sports professionals

Thompson and Iguodala have joined the sports professionals who are choosing to collect some or all of their salary in BTC. 

In fact, in basketball alone, the Sacramento Kings of the California NBA announced last spring that they were offering all employees and players the option of paying their salaries in BTC. Then, in the summer, the Canadian Elite Basketball League (CEBL) also approved the system of paying a portion of salaries in Bitcoin for its players. 

Instead of Cash App, the CEBL is playing on home turf, choosing BitBuy, Canada’s leading crypto platform, as its partnership. 

Switching sports but staying in the US like Thompson and Iguodala, the National Football League (NFL) has seen numerous players succumb to the allure of cryptocurrencies. Last November alone, Aaron Rodger, the quarterback of the Green Bay Packers, and Odell Beckham of the Los Angeles Rams, said they were converting part of their salaries into BTC with Cash App. 

BTC salaries on the rise

In 2021, BTC salaries have become increasingly attractive not only in the world of sports but also in other sectors, confirming a general trend of preferring the risk of the volatility of crypto prices, rather than a continuous decrease in the purchasing power of one’s salary, i.e. inflation

It is estimated that inflation has been rising so fast over the past year that, in the US, the government has called for a cost-of-living increase of almost 6%. This has led to politicians themselves starting to say that they want to receive part of their salary or all of it in BTC

The mayor of Miami, Francis Suarez, and the mayor of New York City, Eric Adams, were the first to share their agreement to receive even 100% of their salary in BTC rather than fiat currency. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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