Cryptocurrency sponsorships in professional sports

[Wendigo]

So, with the increased popularity of Bitcoin among investors and sports enthusiasts some professional sports teams and athletes have landed crypto sponsorships which I think is a great way of spreading the word about the crypto revolution worldwide. Elite sports leagues have a huge fan base and attract millions of viewers every year so the crypto industry as a whole can reach a lot of prospective crypto users all over the world. For example, football is probably the most popular sport in the world and the Premier League is one of the most watched championships and a Polish cryptocurrency exchange CoinDeal has opted to become jersey sponsors of the newly promoted club Wolverhampton Wanderers. Arsenal signed a deal with US cryptocurrency gaming platform CashBet Coin in January, too.
Some professional players are promoting crypto projects as well. Lionel Messi is advertising the world's first mass-produced blockchain phone,
James Rodriguez has issued his own cryptocurrency asset, and Eden Hazard and Sergio Aguero endorse a company making a sports industry blockchain.
For more information: https://www.businessinsider.com/crypto-sports-sponsorship-wolves-arsenal-2018-7

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

[leoliln45]

This is really appealing news. This proves that the market of crypto currency is getting more and more popular day by day. Such sponsorships will make the crypto currency famous and the people will learn about this.

[hardtime]

No, I don't think that they have the ability to match the money that is coming in from the traditional sponsors which are going to be the auto companies, financial sector, etc and so on and so forth. If the profitability is there, and these companies are able to match the funds which these other sponsors are giving out. I don't think this is going to be possible for crypto companies, as they don't have the type of profit during this growth stage to be able to match these other companies. So no, I don't think it's going to happen -- and if it does I don't see it having an impact.

[hugeblack]

It all would depend on the legal status of Bitcoin if Bitcoin regulated as a legitimate way to exchange money it is easy to enter such companies into the market.
I do not expect the trading platforms to replace the existing sponsors of the famous sports teams soon, but in the future will not stop on that.
this does not mean that Bitcoin advertisers will stop at gambling sites or mixing services, you can take this news as an example
It is not unlikely that we will find Cryptos' ads in the 2022 World Cup

Read more:
[1] GIBRALTAR FOOTBALL TEAM TO PAY ITS PLAYERS WITH CRYPTOCURRENCY
[2] This tiny football team buy a player with bitcoin
Similar topic: [3] Starbucks Will Accept Bitcoin For Lattes Later This Year
                    [4] Microsoft Partnership Allows You to Buy Your Coffee With Bitcoin

[electronicash]

Its all happening now on the internet, we see few ads on websites and adnetworks must be helping. Weeks ago I was watching NBA and found there was a logo of Bitcoin being mentioned by the commentator as well. I guess its where it should be starting before it can really be on the billboards or on the TV itself. I don't see websites being advertised on tv before but travel companies are now doing it already so its going to evolve.

[SafeCamel95]

Blockchain based crypto companies have been using celebrity endorsement for a long time now, in my opinion, it is quite an impossible task to replace all the fiat based companies rather crypto companies will be slowly but definitely compete side by side when it comes to sports sponsorships in the future, afterall, everyone wants to market their products or services to the general mass.

[Herbys]

So, with the increased popularity of Bitcoin among investors and sports enthusiasts some professional sports teams and athletes have landed crypto sponsorships which I think is a great way of spreading the word about the crypto revolution worldwide. Elite sports leagues have a huge fan base and attract millions of viewers every year so the crypto industry as a whole can reach a lot of prospective crypto users all over the world. For example, football is probably the most popular sport in the world and the Premier League is one of the most watched championships and a Polish cryptocurrency exchange CoinDeal has opted to become jersey sponsors of the newly promoted club Wolverhampton Wanderers. Arsenal signed a deal with US cryptocurrency gaming platform CashBet Coin in January, too.
Some professional players are promoting crypto projects as well. Lionel Messi is advertising the world's first mass-produced blockchain phone,
James Rodriguez has issued his own cryptocurrency asset, and Eden Hazard and Sergio Aguero endorse a company making a sports industry blockchain.
For more information: https://www.businessinsider.com/crypto-sports-sponsorship-wolves-arsenal-2018-7

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

These steps are made by companies that have a budget deficit and they are ready to attract any sponsor.

Stars will always participate in advertising campaigns because this is their extra earnings. Messi advertises shampoo, chips, now blockchain phone.

I do not see anything surprising in this, everyone strives to make money as he can.  

[bartolo]

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

Why not? You never know. After all, we are seeing things that seemed impossible a couple of years ago. If this industry continues to grow, it cannot be ruled out that some companies, especially some exchanges, become as big as some of the companies you name.

[aryaadikariyansyahsuwarto]

with the supporters in the field of sports, especially football, not impossible digital currency fans will be more and more, and we as bitcoin hunters here will enjoy the results as well .. !!

[FO4R]

cryptocurrencies may sponsors professional sports which replace paper currency as payment and/or other sponsorship for the athlete.With the value of each cryptos,athletes was able to spend these for their shoes,uniforms,foods,allowances and even for their sport equipments.Other athletes may also promotes crypto by appearing in some cryptoads over the internet and in tv commercials.

[zhabuxxs]

very likely to happen ... but the process is long until finally crypto ads will actually master sports sponsorship ..
but rest assured it will happen .. we wait until the time comes.

[fndsr]

So, with the increased popularity of Bitcoin among investors and sports enthusiasts some professional sports teams and athletes have landed crypto sponsorships which I think is a great way of spreading the word about the crypto revolution worldwide. Elite sports leagues have a huge fan base and attract millions of viewers every year so the crypto industry as a whole can reach a lot of prospective crypto users all over the world. For example, football is probably the most popular sport in the world and the Premier League is one of the most watched championships and a Polish cryptocurrency exchange CoinDeal has opted to become jersey sponsors of the newly promoted club Wolverhampton Wanderers. Arsenal signed a deal with US cryptocurrency gaming platform CashBet Coin in January, too.
Some professional players are promoting crypto projects as well. Lionel Messi is advertising the world's first mass-produced blockchain phone,
James Rodriguez has issued his own cryptocurrency asset, and Eden Hazard and Sergio Aguero endorse a company making a sports industry blockchain.
For more information: https://www.businessinsider.com/crypto-sports-sponsorship-wolves-arsenal-2018-7

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

a pretty good development for bitcoin and I think the possibility of bitcoin will be well accepted around the world as the prevailing currency

[Dart18]

Also the Manny Pacquiao fight against Lucas Matthysse. You can see on the corner of the ring GCOX.

I am now wearing the signature of it and you can see more information about them in their website. I got shocked also since this guys are like celebrities. If they are advertising it then it might be worth to support it. They wont join in something that is just a scam or it will ruin their names.

[Ntaa]

I'm sure bitcoin will soon be known and used by the world community. This is good news about cryptocurrency, because if many Crypto companies that sponsor it will be faster also crypto is known and used by the world community. But I think for now crypto companies can not replace traditional sponsors.

[cryptotezi]

If crypto involved with sports curriculum like sponsorship, bid etc it will be good news for crypto world. Cryptocurrency being a reliable currency day by day because of it’s flexibility. So I hope crypto will effective  currency gradually.

[Hydrogen]

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

MMA fighter Rory MacDonald was sponsored more than $100,000 by DASH for his fights in bellator. One of Rory's coaches, Firas Zahabi did a $10,000 DASH giveaway contest for the most accurate prediction on what would happen in the boxing match between Conor McGregor and Floyd Mayweather Jr. They aren't well publicized but there are a lot of small endeavors and sponsorships being funded by crypto.

I don't know what it would take for a crypto sponsorship or giveaway to go viral to a point where crypto became embraced by the mainstream and was able to contest on a 1:1 basis with traditional big corporate sponsors. But if that ever happened, that would be the best thing ever.

[kujaroth]

It is a good thing that cryptocurrency will become one major sponsors of sports. It just means that crypto is expanding and is being accepted. But it may not replace the major sponsors of sports because they are the pioneers and the sports organizations will go down if those sponsors won't support them now.

[gentlemand]

Well, the Bitcoin/Bitpay bowl didn't last too long. It was supposed to be for years and then flaked out after one year.

If I were a sports team I would demand all of the money up front if it was a multi year deal. No telling when most of these businesses are going to disappear in a puff of unicorn fart.

And why is no one sponsoring esports? That's a natural audience, not that I understand why anyone watches other people playing video games.

[fortnite]

Very important news , They know where to sponsorship because all world is watching sports like: Football ,baksetball ,voleyball etc , this can help to change peoples' mentality about cryptocurrency and will be helpful for cryptos themselve , it is good become sponsor and advertise in sport or in a big club like BARCA

[tranduc2101]

So, with the increased popularity of Bitcoin among investors and sports enthusiasts some professional sports teams and athletes have landed crypto sponsorships which I think is a great way of spreading the word about the crypto revolution worldwide. Elite sports leagues have a huge fan base and attract millions of viewers every year so the crypto industry as a whole can reach a lot of prospective crypto users all over the world. For example, football is probably the most popular sport in the world and the Premier League is one of the most watched championships and a Polish cryptocurrency exchange CoinDeal has opted to become jersey sponsors of the newly promoted club Wolverhampton Wanderers. Arsenal signed a deal with US cryptocurrency gaming platform CashBet Coin in January, too.
Some professional players are promoting crypto projects as well. Lionel Messi is advertising the world's first mass-produced blockchain phone,
James Rodriguez has issued his own cryptocurrency asset, and Eden Hazard and Sergio Aguero endorse a company making a sports industry blockchain.
For more information: https://www.businessinsider.com/crypto-sports-sponsorship-wolves-arsenal-2018-7

Do you think crypto companies are soon going to replace traditional sponsors like fiat casinos and sportsbooks or airline companies, car manufacturers etc.?

I think this is a bad idea if we fund cryptocurrency for professional sports. If the price of the cryptocurrency decreases, the amount of funding will also decrease. This is very risky, and we should not do this