Sacramento Kings becomes first sports team to offer salary option in Bitcoin

Sacramento Kings, a popular American basketball team has become the first major sports franchise to offer its players and staff an option of earning in Bitcoin. Team Chairman, Vivek Ranadivé said this on Clubhouse recently.

Crypto pundits have said that such a move would strengthen the California NBA team’s longstanding claim to being one of the most pro-crypto teams in professional sports.

Sacramento Kings had already begun selling all their merchandise (tickets, branded meals) for Bitcoins in 2014 and in 2019, launched rewards sports tokens for fans.

At the time of writing this report, Bitcoin traded at $58,852.47 with a daily trading volume of $60.8 billion. Bitcoin is up 1.59% for the day.

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