American basketball player Andre Tyler Iguodala competes for the National Basketball Association's Golden State Warriors (NBA). In January 2022, NBA player Andre Iguodala became the latest athlete to accept a cryptocurrency paycheck. So, how much does Andre Iguodala make from crypto?
Iguodala joins the expanding group of athletes, influencers, politicians, and celebrities that are following suit. Currently, at least seven NFL players prefer cryptocurrency to regular paychecks. Francis Suarez, the mayor of Miami, and Eric Adams, the mayor of New York City, both announced last year that they would accept their salaries in BTC. Suarez took things a step further by investing in BTC with his 401(k) retirement plans as well.
Paying employees in Bitcoin or another cryptocurrency may have advantages for both companies and employees. For one thing, businesses with sizable proportions of workers from abroad wouldn't have to use expensive, time-consuming wire transfers to pay their employees or require access to their personal banking information. Additionally, since they can easily convert the digital currencies they receive for the ones they choose, it would save employees the effort of transferring their fiat money to cryptocurrency exchanges for investments. Volatility problems can also be treated quickly. Employees can instantly convert their cryptocurrency paycheck to stablecoins via a wallet or exchange if they have doubts about the near-term volatility of the currency.
How much does Andre Iguodala make from crypto?
Basketball player for the Golden State Warriors and three-time NBA champion Andre Iguodala said on Twitter that he would be receiving some of his yearly pay of $2.647 million in Bitcoin (BTC). Iguodala also said that in order to boost the use of bitcoin, he will distribute $1 million worth of the cryptocurrency to fans. It was claimed that Block's (previously Square's) Cash App made payments easier.
Andre Iguodala, a three-time NBA champion, is the newest player to get payment in cryptocurrency. And how much Andre Iguodala make from crypto is $2.647 million per a year approximately.
