While cryptocurrency may seem like it is something new, the NFL is already adopting it. So if you are interested in blockchain technology and how it affects the sporting world, then you must know that the NFL has been adopting cryptocurrency for the past few years.
Accepting Payment In Crypto
With Blockfolio slow, many players and sporting clubs have been accepting payments in crypto. This is great news for lovers of blockchain technology and those who are planning to invest in the currency of the future. With this, sports franchises are now able to pay their players in this digital currency. Okung reportedly got half of his salary in Bitcoin. This has paved the way for more NFL players to ask for the same.
Crypto Is Skyrocketing
It is interesting to know on this subject that this currency is pretty much skyrocketing. So if you have been a crypto investor, then you will be happy to know that the currency is getting a lot of love from the NFL. Many sporting clubs are hoping that more and more players will decide to receive their payments in crypto.
The only problem with this seems to be that this digital currency is extremely volatile and only experts can say why things happen as they happen. This gives laypersons very little idea about what is going to happen in the crypto market in the future.
Prices can fluctuate very much and this can be trouble for investors. However, it cannot be denied that professional NFL players are very interested in it and they want to make sure that they get to take full advantage of it. By receiving even a part of their salaries as crypto, they are increasing the value of the currency. This will help future generations.
More Confidence In Crypto
With the NFL adopting crypto, the confidence surrounding it is increasing a lot. Every time a player receives his payment in crypto, chances are that he is motivating his fans to do the same. This brings more legitimacy to the currency that has taken the financial sector by storm.
If you want to invest in crypto, this is a great time to go ahead and do it.
At Newsvot, get your dose of all news of crypto and more. From financial to sports and Blockfolio slow, technology to fashion, this is one news portal that is going to keep you informed and updated.
