The Canadian Elite Basketball League Players will be paid part of their salaries in Bitcoin, through a partnership with Bitbuy.
Canadian Elite Basketball League it is First Pro Sports League in North America to Offer Players Pay in Bitcoin
The Canadian Elite Basketball League (CEBL) has announced that it will allow its players to receive a portion of their salary in bitcoin through a partnership with the Canadian bitcoin exchange Bitbuy.
“Some of the best players outside of the NBA, and some with NBA experience, have joined our league,” CEBL commissioner and CEO Mike Morreale said, according to the announcement. “Our partnership with Bitbuy is a testament to our commitment to gamers and also our forward thinking approach to how we do business. We appreciate Bitbuy’s investment in helping us further develop Canada’s National Professional Basketball League. “
According to the announcement, the services provided by Bitbuy will encourage self-policing of bitcoin. The Canadian exchange will work with CEBL to convert players’ salaries denominated in Canadian dollars into bitcoins and help them receive BTC in their personal wallets. In addition, Bitbuy, which has more than 300,000 customers, will also become a sponsor of the league through the partnership.
“We are proud to support local Canadian sports and to partner with the league on this market driven initiative,” said Charlie Aikenhead, Bitbuy vice president of marketing, in the announcement. “We think this epitomizes an important change in the way athletes view compensation, and we’re excited to help CEBL players protect their long-term fortunes by receiving Bitcoin payments. “
pay to bitcoin
The partnership was launched after league players expressed interest in being paid in bitcoin after NFL player Russell Okong became the first North American professional sports player to receive part of his salary in bitcoin.
Since then, a trend has formed, with many popular players also ordering BTC instead of the dollar. At CEBL, Guelph Nighthawks goalie Kimbal Mackenzie will be one of the pioneers in signing up and protecting their purchasing power with Bitcoin.
“The possibility of getting paid in bitcoin is something that excites me enormously,” Mackenzie said, according to the announcement. “ability to put a portion of my salary directly into an investment that I believe will be greatly appreciated over the next 10 to 30 years is a snap.
The CEBL continues to provide us players with forward-looking opportunities and the ability to get paid in bitcoin further underlines that they are one of the best leagues in the world. “