USL soccer player Alex Crognale became the first to receive his Bitcoin salary through the network. Lightning.
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Bitwagea cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. payroll payment platform, reported Monday that it has processed the first payroll payment inLightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time.the second-layer scalability solution fromBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. which facilitates faster and cheaper micropayments.
The San Francisco-based startup announced the news via its official Twitter account.Bitwage said that he had processed two salary payments through Lightning: el primero para el CEO de la empresa BitnobBernard Parah; and the second, for the professional soccer player of theUnited Soccer League (USL), Alex Crognale.
We are delighted to announce that we have successfully made the world’s first salary payment through Lightning!
We’re thrilled to announce that we have successfully conducted the world’s first salary payment through Lightning!
Our recipients were @bernard_parah and @alexcrognale .
Special thanks to everyone who helped make this happen: @walletofsatoshi , @voltage_cloud , and @acinq_co . pic.twitter.com/lIra282ISf
– Bitwage (@bitwage) December 6, 2021
As reported byBitcoin Magazinethe company partnered with ACINQ and wallet a place where cryptocurrency users can store, send and receive digital assets.Satoshi the smallest unit of bitcoin with a value of 0.00000001 BTC. to carry out the payments. It also received support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. from Voltage, un proveedor de nodo de Lightning , que facilitated the process of sending payments and ensured that the transaction was processed successfully.
Payroll through Lightning
Bitwage worked hand in hand with the French startup dedicated to developing products and services that are native toBitcoinACINQ, to help ensure sufficient incoming liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. necessary for the receipt of Parah’s payment.
“As the [Lightning] network matures and its capacity increases, it becomes suitable for increasing amounts of transactions.“ACINQ CEO Pierre-Marrie Padiou commented in a statement quoted byBitcoin Magazine. On the other hand, the payee a payee is a party within an exchange of goods or even services that can receive payment. and CEO ofBitnob, a fintech native ofBitcoin pan-African, he added:
The ‘Lightning’ payroll concept means that I can be paid by the hour or even by the minute. Time means money, that’s all.
El milestone saw Crognale become the first professional soccer player to receive his salary through Lightning. The defense of theBirmingham Legion had become the first player in the USL to receive a percentage of his salary inBitcoin in October, following a partnership withBitwage. Now, Crognale has taken another step by receiving his payment throughLightning using your walletSatoshi.
“I have a percentage of my salary paid in cryptocurrencies deposited directly into my wallet.a”, had commented earlier the athlete. In an earlier statement, Crognale revealed that he has been shopping forBitcoin since last year and considers it as an asset”.inflation-resistant“due to its limited supply.
“Getting paid in bitcoin brings the benefits of sound money to everyone in the world, and we hope that many more people will use this fast, convenient and low-cost method of payroll.“, added Daniel Alexiuc, CEO of the Satoshi wallet, regarding the initiative.
Sportsmen and politicians receive salaries in Bitcoin
This 2021, an increasing number of sports celebrities and other respected figures have opted to begin receiving their salaries inBitcoin as an alternative to take refuge in the scenario of inflation a general increase in prices and fall in the purchasing value of money. of fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currencies. At least four professional football players from the National Football League (NFL) are included in this list.
The most recent to join this trend is the star ofLos Angeles Rams, Odell Beckham Jr. who announced last month that he will receive su salary of USD$ 4.25 million for the 2021-22 season in Bitcoin tras sign an agreement withCash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. App. Beckham Jr. follows in the footsteps of NFL players Russell Okung, Sean Culkin and Tom Brady, who have also announced similar deals with companies in the crypto space to receive their payments, in full or in part, inBitcoin.
Outside of the sporting sphere, some politicians in the United States are also getting on board with this form of payment. The mayor of Tampa, Jane Castor, manifesto in early November his intention to receive his entire salary in the flagship cryptocurrency. His statement came shortly after the Miami Mayor Francis Suarez pledged to become the first U.S. official to accept his salary in the United States. Bitcoin .
“I’m going to get my next paycheck 100% in Bitcoin.”, Suarez said at the time and added que preferred use an application like Bitwage o Strike instead of the local government making the effort to convert your fiat paycheck into cryptocurrency.
Bitwage, a payroll service provider Bitcoin con operations in the U.S., Europe, Latin America and Asia offers payments in various cryptocurrencies includingEthereum a decentralized open-source blockchain with smart contracts functionality. and USDC. Although it is not the only firm that offers services of this type, other startups such asDeel,Blockonomics yPagoX are some of the current competitors in this growing market.
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Article by Hannah Estefania Perez /DiarioBitcoin
Image from Unsplash edited in Canva
