Football star gets paid half of his $13 million salary in bitcoin. Russell Okung, a pro football player, is now officially earning half of his bitcoin salary. For years, Okung has been a staunch bitcoin supporter and, since May 2019, he has been demanding to be paid in bitcoin. Then on Tuesday, he tweeted he was “Paid in bitcoin.”
Okung is not receiving bitcoin directly from the Panthers but through a third-party payment service called Strike, an application developed by Zap Solutions Inc., assisting people convert any percentage of their paychecks into bitcoin.
Under the agreement, the Panthers reportedly will pay part of Okung’s $13 million salary to Strike which will then pay Okung in bitcoin. Okung is the Panthers’ highest-paid player for the 2020 season.
Okung’s salary agreement is handled internally by the Panthers, CNBC explained, adding that the National Football League (NFL) and its players’ union were both unaware of Okung’s agreement until Tuesday’s announcement. However, they did not attempt to void or officially sign off on the agreement. An NFL spokesperson Brian McCarthy told the publication “There wasn’t anything to sign off on. The clubs pay the players in US dollars. What the players or his agents do with the money is up to them.”
Okung said in a statement “Money is more than currency; it’s power. The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.”