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Russell Okung
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There was a time when getting paid in Bitcoin was a revolutionary concept. Today, however, more and more people — and places — are accepting both Bitcoin and other forms of cryptocurrency, leading experts to believe that this once-innovative (and controversial) method of payment would become just as common as the USD, the EUR, and the GBP. CNBC reports that the first-ever Bitcoin was mined on January 3, 2009. And though the outlet reports that the market is extremely volatile — and the cryptocurrency is subject to bans from China, periodically — even the wealthiest of the wealthy want to be paid in Bitcoin. In 2021, Morgan Stanley made the coveted crypto-coin available to its wealthy investors for the first time in history. Naturally, this also means celebrities, themselves, want to be paid in Bitcoin. Whether they’re in hip-hop, pop, or playing on the basketball court, celebrities love them some cryptocurrency — and who can blame them? Even in the most volatile of markets, Bitcoin...
Mar 7, 2022
When Russell Okung announced that he wanted half of his $13 million salary paid to him in Bitcoin, the sports world sat up and took notice. Okung, along with fellow NFL player Matt Barkley, first made a request to be paid in Bitcoin back in 2019. Both of their requests, at the time, were denied. Pay me in Bitcoin. — OKUNG (@RussellOkung) May 14, 2019 But what’s more is that, Okung had a series going called “ Bitcoin Is, ” which broke down the ins and outs of the then-revolutionary cryptocurrency. And while there’s still no shortage of scams and misinformation about the crypto world out there, Okung’s commitment to seeing crypto as the wave of the future has remained unwavering. “Money is more than currency; it’s power,” said Russell Okung in a statement. “ 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.” View this post on Instagram A post shared...
Dec 1, 2021
This NFL player just made the ultimate game-winning touchdown! According to Blavity , Russell Okung just became one of the NFL’s highest-paid players after requesting that his salary be paid in Bitcoin. The Carolina Panthers offensive tackle’s initial cryptocurrency investment has now skyrocketed to $21 million thanks to his request. He is the first player in the NFL to receive his payout via Bitcoin — the growing popular cryptocurrency that allows users around the world to buy, sell and exchange money in the form of digital coins, per Forbes. View this post on Instagram A post shared by Russell Okung (@russellokung) Currently, Bitcoin is not regulated by banks or the federal government since it’s decentralized and void of third-party oversight. It was May 2019 when Okung made his request simple and straightforward. Pay me in Bitcoin. — OKUNG (@RussellOkung) May 14, 2019 “Pay me in Bitcoin,” wrote the Carolina Panther via Twitter. Looks like that was the best decision he...
Mar 17, 2021
Bitcoin is taking over the cryptocurrency world, and now it’s made its way to the National Football League. In May of 2019, previous Los Angeles Chargers player Russell Okung indicated via Twitter that he’d like to receive his yearly salary in digital currency — Bitcoin to be exact. Today, the Carolina Panthers’ offensive tackle confirmed that his request has finally been granted after quoting his original tweet stating, “Paid in Bitcoin.” Paid in Bitcoin. https://t.co/Ey6oOcmLjA — OKUNG (@RussellOkung) December 29, 2020 According to a press release from crypto startup Zap and its Strike product , Okung will be receiving half of his $13 million base salary in bitcoin for the 2020 season. Thus, making him the first player in league history to accomplish such a feat, USA Today reports. The news release also shares Okung lobbied both the Panthers and his former team to pay him in bitcoin before finding a compromise. The Panthers reportedly paid him in traditional currency and then...
Dec 29, 2020