Sacramento Kings To Offer Bitcoin (BTC) As Salary To Players

Vivek Ranadivé, the Chairman, CEO, and Governor of the Sacramento Kings, announced this evening on Clubhouse that everyone in his organization could receive their pay in as much Bitcoin as they wanted. The story broke soon thereafter after a Tweet from a member of the Clubhouse audience.

I happened to be in the room, hosted by a club called the ‘Satoshi Roundtable’ when Tim Draper, a venture capitalist well-known in the industry for purchasing Bitcoin from the U.S. Marshall’s auction in 2014, called on Vivek Ranadivé to join him on the stage. The room was co-hosted by Bruce Fenton, a well-known Bitcoin advocate and investor since 2012, and was called ‘Draper and Friends’.

Keep reading Forbes

Start trading BTC