The First Professional Sports League to Pay Athletes in BTC Is Here in North America

Canada may not be known for crypto or basketball, but the latest news could change that. The Canadian Elite Basketball League (CEBL) became the first professional sports league in North America to use bitcoin as a means of payment for player salaries. The move is part of a competitive partnership with Canadian crypto platform Bitbuy, which will process the transactions. Just in Time for Tipoff CEBL is about to tip its third season this week. Timing's latest press release gives Canadian basketball fans an exciting start to the season. “Bringing innovation and a new basketball experience has been the driving force behind our creation of one of the most recognized professional basketball leagues in the world,” said Mike Morreale, CEBL Commissioner and CEO. “Some of the top players outside of the NBA and some with NBA experience have joined our league because we make player-driven decisions. Our partnership with Bitbuy reflects our commitment to players as well as our forward-looking approach to how we run our business. Bitbuy is Canada's official national professional team We appreciate his investment in helping us grow the basketball league,” Morreale added. Related Reading | Crypto Exchange FTX and TSM Teams for Historic Deal Beyond CEBL: What It Means Bitbuy serves over 300,000 Canadian users CEBL security officer Kimbal Mackenzie stated as part of the press release that he will be one of the first to sign up. “Being able to get paid in Bitcoin is my thing,” Mackenzie said. incredibly excited. I believe the future is cryptocurrency.” The partnership was supported by the player's voice support to the league management. It also comes after extensive worldwide team, league and player engagement in crypto. He made headlines with notable NFL athletes like Russell Okung and NBA teams like the Golden State Warriors and Milwaukee Bucks.

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