The Canadian Elite Basketball League became the first pro sports league in North America to adopt Bitcoin as a mode of payment for salaries.
The latest announcement from CEBL came after Russell Okung, who plays for Carolina Panthers in the American National Football League , received 50% of his $13 million annual pay in Bitcoin.
Commenting on the recent announcement, Kimbal Mackenzie, a guard for the Guelph Nighthawks, said: “The opportunity to be paid in Bitcoin is something I’m incredibly excited about.
The role of Bitcoin and other digital currencies in the global sports industry has increased rapidly in the last few years, mainly due to a surge in the adoption of cryptocurrencies.
“We’re proud to support homegrown Canadian sports and to partner with the league on this first to the market initiative.