When will NBA teams start paying Bitcoin to their players?

[ghost424]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

It was nice to know some National Leagues are knowledgeable about Cryptocurrency and that might be a game changer for their current state on how to pay their players. The administration of NBA may still be in the process of learning if paying thru Cryptocurrency will benefit the player because paying thru crypto is risky. NBA players have their salaries at least $1M above and what if the value of Bitcoin suddenly dropped, that would be problematic for both the player and the management. They should at least wait for some time where Cryptocurrency value is stable.

[Caladonian]

The same question asked as when will the company pays its employees bitcoin. I guess all of us are aware now that cryptocurrency is existing but the problem is, how people will accept it and do they willing to make it as  a real substitute for the fiat they have now?

Good point, it will always be depends on how the end users will accept and adopt it, after this mass awareness regarding to this new form of digital currency it will be in the hands of those players who will accept the system, it will be a rewarding success to this industry once there's already players that will accept the deals.

Sooner or later when the entire community allow this payment system it will not that far from realization to happen.

[Phantomberry]

That is a good idea for me it will works for bitcoin massive adoption will surely bitcoin could leads to demands and i hope football industry also in europe like UEFA onganization or Fifa it would be a great move.

[xWolfx]

I like the NBA a lot more now! - This is extremely amazing.

It all depends if they players are cool and open minded enough to accept them and communicate their desire to the people who can make it possible, of course they will listen to them. They are the stars after all, right?

In fact, another option can be that anyone with enough faculties to make it happen gives that idea to the players of their team to see if they like it or not, this one is not that likely to work but it could. It can definitely be used by sponsors also.

[TahuDiniHari]

If there is an NBA team or other sports team, which is able to apply the payment of salaries to athletes with bitcoin, it is a sensational step, it indirectly introduces bitcoin to the world, especially fans of the sports team.

[yusupjatigumilar]

I really hope that this can happen soon because it is not impossible if a well-known sports club using a payment system will be adopted by other clubs and automatically it will increase public confidence in bitcoin and crypto currencies, because the value of a investment commodities are strongly influenced by investor confidence, the higher the level of trust, the higher the value of a commodity.

[jonaire99]

That will be a possibility jn the in the future when the bitcoin is become widely accepted in many sectors of society. But majority of the players might still don't know the existence of a cryptocurrency so they need to be well-informed first how to use virtual coins. Bitcoin adoption in the sporting industry might start with the fans and spread it to the different sportclubs. But not all players might accept the idea on making bitcoin as a payment, they might still prefer fiat.

[freedomgo]

It would be cool if they will start accepting bitcoin, but I'm concern on the volatility.
Once they accept it, they should know the risk because they might loss value if price will dump.

I guess a stable coin would be preferable for them, no risk at all and at the same time we can spread awareness to the world about crypto.