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Nets’ guard Spencer Dinwiddie to convert his contract into a digital investment

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Spencer Dinwiddie to convert his NBA contract into a secured digital investment, reveals report

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Advantages of cryptocurrencies are being realized by heavy-weights because of its secure and high return value. In line with this, Brooklyn Nets guard Spencer Dinwiddie is moving ahead with converting his existing contract into a digital investment vehicle. According to the reports, Dinwiddie will receive an upfront lump payment after this conversion.

By securitizing his contract, Dinwiddie will gain access to an up-front lump-sum payment, which would then allow him to immediately invest in a bond that exists as a digital currency.

In this deal, Dinwiddie will convert significant part his contract amount, $34.36 million, that he will receive during his contract extension of three years.

This update was shared by @schuck3 over Twitter,

“Sources: Spencer Dinwiddie to convert his NBA contract into a secured digital investment.”

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
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