Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

The Federal Reserve's balance sheet expands at a record pace

The Federal Reserve's balance sheet expands at a record pace - The Federal Reserve's balance sheet is expanding at a rapid rate. - In the last two months alone, the Fed has bought more assets than during the entire Great Recession - Some argue that the Fed's actions will lead to inflation in the long run. The Federal Reserve is buying back assets and its balance sheet is growing rapidly, especially over the past two months. Currently, the Fed buys about $41 billion in assets on a daily basis, and central banks around the world are also following in this vortex. According to an analyst at prime xbt , the economic point of this is pretty clear: inflation is coming. The Fed is buying in bulk The current spike in the Fed's balance sheet hasn't slowed since March. In fact, it's only picked up speed, and the result could be an unprecedented surge of inflation. This is what analyst Mati Greenspan (@MatiGreenspan), founder of Quantum Economics, told his followers recen...
Post a Comment
Read more

China Launches Blockchain-Based Service Platform for Global Trade

Six months after the launch of the beta test, China's blockchain-based service network (BSN) has officially opened to the global commercial market. China Launches Blockchain-Based Service Platform for Global Trade Government officials and heads of organizations met on April 25 in Beijing to announce the public launch of the BSN network. BSN is a global infrastructure that helps Blockchain projects design and operate Blockchain and crypto applications at a lower cost. At the same time, the network also promotes the development of smart city and digital economy. BSN was implemented by the cooperation of China Mobile, China UnionPay, and Huobi China. You may be interested: Director of BIS Innovation Hub: COVID-19 reveals the value of DLT Good start Both businesses and individual developers have expressed interest around the Blockchain-based Service Network. According to the report, more than 2000 developers have tested BSN within 6 months since the beta was announced on October 15, 20...
Post a Comment
Read more

Bitcoin Forms a "Golden Cross" Pattern When Price Hits $7,500

Bitcoin bounced off the $7400-7500 resistance area on Thursday, with a high probability of a rally to $8000 The formation of the Golden Cross pattern predicts an imminent growth.Bitcoin has finally broken out of the ceiling that is holding back the price of the currency to enter a bull market. The coin's value surged past $7,500 on Thursday thanks to a sudden buying move that sent the price up over $704 in just 3 hours. Prices peaked at $7,775 on Coinbase before falling lower in early Asian trading on Friday. BTC was able to enter a resistance area on the chart. However, the upside movement is faltering, showing traders' anticipation for a continuation of the bull market before continuing to buy at regional tops. This could lead to a deeper drop to a lower price range. Formation of the Golden Cross pattern Bitcoin is expected to continue to increase in price, at the same time forming a Golden Cross pattern - a price model that can provide highly accurate predict...
Post a Comment
Read more