Ifunanyachi Achara Taking Bitcoin Salary


Yet another professional athlete has come out publicly in support of Bitcoin, and has joined the “Pay Me In Bitcoin” movement. Toronto FC forward Ifunanyachi Achara had already been buying bitcoin via Binance himself, but in February he finally made the jump to converting about half his salary to bitcoin via Bitwage, according to CoinDesk.

“Learn #Bitcoin,” reads Achara’s Twitter bio, a sign that he really understands what Bitcoin has to offer. He knows that Bitcoin can help protect himself, but also his family back in Nigeria.

“The rate of inflation is killing us. The more the U.S. prints money during COVID to help people, the more it devalues our currency,” Archara told CoinDesk. “So my family, when I send them money home, I send them bitcoin.”

Bitcoin is the perfect tool for Achara and his family to use to protect their savings against the devastating aftermath of inflation/hyperinflation. Bitcoin’s hard capped supply of 21 million ensures this; and with Bitcoin operating on a peer-to-peer network, he can send money straight to his family quickly and with relatively small fees. In comparison to sending money out of the country via the legacy financial system, Bitcoin offers a platform with no middlemen, and will continue having enormous benefits for the people who use it.

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