Trevor Lawrence adds cryptocurrency to his playbook
NEW YORK (AP) – Trevor Lawrence is expected to cash on multiple platforms.
Lawrence, likely No. 1 in the NFL Draft, on Monday signed an endorsement deal with cryptocurrency investment app Blockfolio.
Lawrence, Clemson’s star quarterback, is expected to be selected by the Jacksonville Jaguars in the NFL Draft, which begins Thursday night in Cleveland.
His signing bonus will come in cryptocurrency, which will be deposited into his Blockfolio account in a variety of cryptocurrencies such as Bitcoin, Ethereum, and Doge.
Bitcoin and other digital currencies have gained in value over the past 18 months as more businesses and individuals have accepted them as a method of payment.
Bitcoin, which was worth less than $ 10,000 at the start of 2020, has tripled its value from 2020 and is now trading at around $ 53,000 a coin.
Companies like Tesla now accept currency as a payment method on their electric vehicles, and companies like Square and Venmo now allow individuals to keep Bitcoin in their apps. Digital currency brokerage firm Coinbase went public this year for more than $ 80 billion.
Several NFL players are already involved in cryptocurrency. Veteran Panthers offensive tackle Russell Okung recently became an investor and advisor in Fold, a credit card that allows people to accumulate Bitcoin when shopping at retailers.
Okung, entering his 11th season in the NFL, tweeted late last year “Paid in Bitcoin” and that “Bitcoin is inevitable”.
Additionally, the Chiefs end up with Sean Culkin, entering his fifth season in the NFL, which he converts his 2021 salary into Bitcoin. He has two receptions for 36 yards for his career. He spent his first three seasons with the Chargers before playing a game last season for the Ravens.
More AP NFL coverage: https://apnews.com/hub/NFL and https://twitter.com/AP_NFL