GREEN BAY, Wis. — Green Bay Packers star quarterback Aaron Rodgers said on Monday that he is teaming up with Cash App to convert a portion of his salary into Bitcoin.
"I believe in Bitcoin (and) the future is bright," Rodgers tweeted.
Rodgers also said he is giving out a total of $1 million in tokens to make Bitcoin more accessible to his fans.
I believe in Bitcoin & the future is bright. That's why I’m teaming up with Cash App to take a portion of my salary in bitcoin today.— Aaron Rodgers (@AaronRodgers12) November 1, 2021
To make Bitcoin more accessible to my fans I’m giving out a total of $1M in btc now too. Drop your $cashtag w/ #PaidInBitcoin & follow @CashApp pic.twitter.com/mstV7eal04
Bitcoin is a digital currency that you can use to buy, sell and exchange directly without an intermediary, such as a bank. According to Bitcoin,the currency can be sent from user to user on the peer-to-peer bitcoin network. The cryptocurrency, which was created in 2009, allows people to buy or sell bitcoins using different currencies.
Bitcoin is different than services like Venmo and PayPal. Services like Venmo rely on a traditional financial system for permission to transfer money from existing accounts. According to Coinbase, Bitcoin can be used by anyone and anywhere without the involvement of a bank, government, or other institution. Bitcoin also cannot be inflated or manipulated.