NFL player agrees to get paid in Bitcoin

AFP

Sean Culkin of the Kansas City Chiefs wants to make NFL history by being the first player to be compensated exclusively in cryptocurrencies.

In February, the 27-year-old signed a deal with the Missouri-based franchise that will pay him $920,000 if he makes it onto the roster.

On Thursday, Culkin wrote on his Twitter account, "I strongly believe that Bitcoin is the future of finance, and I wanted to show that I was in this for the long haul, not just to make a fast buck."

Culkin would not receive Bitcoins directly, which he would like, but would instead be paying in regular currency, which would then be exchanged into cryptocurrencies.

"From my college days on, I've always had a lot of curiosity and a passion for finance and economics," he told ESPN.

"I kept hearing about the increasing field of all things crypto in the offseason. To me, it only appeared to get larger and larger."

Russell Okung, a free agent from the Carolina Panthers, was the first player to turn a part of his paycheck to bitcoin in 2020, transferring almost half of his earnings.

Source: AFP