Canadian Basketball team to Be Paid in Bitcoin

The Canadian men’s basketball league (CEBL) will start getting their salaries believe is or not in cryptocurrency, Bitcoin. This comes after the league has signed a partnership with Bitbuy, a Canadian cryptocurrency exchange.

According to the Bitcoin.com, the Canadian Elite Basketball League (CEBL) announced the deal with Bitbuy days before the start of its third season, on June 24.

Basketball Players in Canada to Be Paid in Bitcoin

The league, which was founded four years ago, launched in 2019 with six teams, all of them owned and managed by the Canadian Basketball Ventures group. It now says the crypto partnership will be the first of its kind for any professional sports league in North America, the publication reports.

“Our partnership with Bitbuy speaks to our commitment to players, and also to our forward-thinking approach to how we go about our business. We appreciate Bitbuy’s investment in helping us further grow Canada’s official national pro basketball league”, CEBL Commissioner and CEO Mike Morreale commented in a statement.

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