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NFL Star Russell Okung Backs Startup With Bitcoin Rewards

In today's post, primexbt will bring you information about Okung Ventures, a venture startup founded by NFL star Russell Okung, with a mission to help crypto holders own and use BTC.

The Los Angeles Chargers player has invested in and is promoting Fold, an app that gives users the ability to spend Bitcoin or fiat currency at major retailers like Amazon, Uber, and Starbucks. Similar to credit card cashback rewards: the more you spend, the more Bitcoin rewards you earn.



1. Bitcoin advocate and propagandist

Earlier this month, Fold announced that it has joined the Visa Fintech Fast Track program and will launch a Fold debit Visa card that offers Bitcoin rewards. “It’s an important step towards mainstream Bitcoin adoption,” Okung said. We are thrilled for this partnership and the opportunity to introduce even more people to the best money generation in the world."

Okung reckons he has become a crypto propagandist since tweeting “pay me in Bitcoin,” in May 2019. His company held a Bitcoin conference in Los Angeles. He said that he saw Bitcoin as “a practical solution to the impending collapse of the legacy financial system”:

“Bitcoin changes everything. As economic uncertainty continues to affect everyday life, I believe we will see more and more people change their view of cryptocurrencies.”

Don't miss the next post: E-wallet earns 1.5%/day: Is it a scam?

2. Famous athletes promote the cryptocurrency market

With the investment in Fold, Okung added himself to the list of popular crypto-supporting sports figures.

Boxer Floyd Mayweather promoted Centra, a cryptocurrency project that raised more than $32 million in an initial public offering (ICO), but the founders were subsequently banned by the Securities and Exchange Commission. United States charged with fraud. In basketball, Brooklyn Nets defender Spencer Dinwiddie recently publicly promoted crypto-lending platform Cred.

With the upcoming BTC Halving event, many others have also used their platforms to incentivize buying and holding the cryptocurrency. UFC veteran Ben Askren even changed his Twitter name to remind his 300k+ followers about the BTC Halving, scheduled for May 12.

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