The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week.
According to a Thursday announcement, the Canadian Elite Basketball League, CEBL, has partnered with Toronto-based cryptocurrency exchange Bitbuy to convert part of basketball players’ existing salaries from Canadian dollars to Bitcoin (BTC) on request. The league said it will arrange for the funds to be delivered to the players’ personal crypto wallets.
More than 70 players on the active roster from the Edmonton Stingers, Fraser Valley Bandits, Guelph Nighthawks, Hamilton Honey Badgers, Ottawa Blackjacks, Niagara River Lions, and Saskatchewan Rattlers will be eligible for the crypto payments. Bitbuy will also be joining the CEBL as an official sponsor.
The Nighthawks’ Kimbal Mackenzie said he would be one of the first players to accept the CEBL’s offer. The 24-year-old guard recently re-signed with the team for the 2021 CEBL season beginning June 24.
“The ability to have part of my salary go directly into an investment that I believe will appreciate greatly over the next 10-30 years is a no-brainer,” said Guelph Nighthawks guard Kimbal Mackenzie.”
