Is The Sports World a Paradise For Cryptocurrencies?

Presently, cryptocurrencies perform a striking passageway into the world of sport.

Stars and clubs are investing in this field to offer exclusives to fans.

Athletes are being sponsored or had their salaries paid by companies related to the crypto market. The growing development of cryptocurrencies has a significant impact on the world of sport. The security and discretion of this type of transaction multiple initiatives for amateurs and professional athletes.

Silvana’s Story

The story of Silvana Lima could have definitely been more colorful. The Brazilian surfer began her sports journey when she was 7. She started to surf very early in her life, learning from older boys and dreaming of a tremendous career. She quickly became a very skilled surfer. Her first results began to appear almost instantly. At her 30 she has already won the title of best surfer in Brazil eight times, which gave her a place of a vice-world champion in 2009.

However, as she confesses, her sponsors flee because “she doesn’t look like a model”.

It was a bad decision for her sponsors to abandoned her, however, thanks to such circumstances, in April 2018, she became the first athlete in the world sponsored by cryptocurrency: the Kore Coin. This gave her more visibility that she could have ever imagined. Kore Coin is an anonymous, decentralized system strongly attached to the ” culture of love and freedom of surfers “.

The new sponsor intensively cooperates with Silvana Lima, and now the Brazilian surfer can benefit herself from the cryptocurrency sector. The support seems to be working, as Silvana has a very positive start to the season. The Brazilian currently ranks 7th in the women’s ranking. After a ninth place in Snappers, Silvana Lima made it to the semi-finals at Bells Beach, finishing in an excellent 3rd place.

This is not the first time that Silvana is forced to try alternative methods to finance the season. In 2014, Silvana launched the project called Silvana Free. A crowdfunding campaign, when this kind of process was becoming fashionable. Now, Kore Coin proudly represents Brazilian surfer.

The salaries of athletes paid in cryptocurrency

But Silvana is not the only athlete to benefit from these new types of contracts. Other athletes are also attracted to the idea of cryptocurrency and blockchain technologies that reduce the number of intermediaries and lock contracts. Also, cryptocurrencies can bring new opportunities to players who struggled at former clubs who are now looking for better solutions in terms of cooperation.

Thus, the first sportsman in history who was paid in cryptocurrency is Nikolaj Rosenthal. He is one of the best hockey players in Denmark.

As the sports business grows, intermediaries multiply. Agents, entourages, publicity bodies. In professional sports, the payment system is often more complicated than that between a mere employer and his employee. Thus, the idea of paying athletes in cryptocurrency makes sense.

It is in this context Nikolaj Rosenthal, is paid in bitcoin. The club can, therefore, keep a greater discretion on the amount of his salary while inviting other players to convert. However, a clause is guaranteed in case of the collapse of the bitcoin.

Can everyone get their salary paid in Bitcoin or other cryptocurrencies?

Getting the salary paid into your bank account is becoming old-fashioned. Presently, not only athletes can earn their salary in cryptocurrencies. You also can get paid in bitcoins or another cryptocurrency. It sounds futuristic, but there are already many freelancers who get paid in cryptocurrencies. How does it work to have your monthly salary deposited in your crypto wallet?

There are more and more pioneering companies that are starting to pay their employees in cryptocurrencies. By using bitcoin, companies can easily pay a collaborator or freelancer who works at the other end of the world. What could otherwise take days, now becomes very easy and without any additional fees. The ease and simplicity of setting up a bitcoin wallet and the speed of transactions is starting to move companies.

Conclusion

If reading this article has given you the desire to discover more about the universe of cryptocurrencies, you can try this new model of operations by yourself. Who knows, we may be witnessing the beginnings of what will reign in the sports of tomorrow.

Are you ready to receive your salary in bitcoin?

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