Digital solutions are becoming more and more widely used, and block chains are gradually entering railways of the field, including sport.
Recently written about the creation own tokens from known football teams - now is the time for basketball.
One of the NBA teams The Cleveland Cavaliers, established cooperation with the company UnitedCoin specializing in cryptographic services and technology blockchain.
What is UnitedCoin?
UnitedCoin is fully compliant with the regulations because registered by American Securities Commission (SEC), a company offering services related to the use of cryptocurrencies.
The company also offers its users a MasterCard debit card that supports cryptocurrencies. According to UnitedCoin, one of the company's most important values is privacy and user data protection.
Cooperation with Cleveland Cavaliers
A basketball team representing the NBA league Cleveland Cavaliers, together with its affiliate in the esports league Cavs Legion, decided to turn to critics and solutions based on block chains.
For this purpose, the team has partnered with UnitedCoin. As the management board of Cleveland Cavaliers argues, the partnership has caused a lot of positive emotions.
The team president emphasized in the comments given to the press that in the face of the ongoing evolution of decentralized technologies, it is of great importance to keep up with the times, allowing to stay ahead of the competition and shaping relationships with fans. These, thanks to blockchain technology, can become even closer. The partnership between the company and the NBA team will bring mutual benefits - Cleveland Cavaliers will come closer to innovative technologies through cryptocurrencies, and UnitedCoin will gain new space to promote its activities.
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Cryptocurrencies in sport
The sports world is more and more clearly beginning to see the benefits of innovative digital solutions. Thanks to cooperation with UnitedCoin, the Cleveland Cavaliers team gained a chance to appear in the cryptographic industry.
The partnership will not remain indifferent to team fans who will have the chance to deepen their knowledge of blockchain technology and cryptocurrencies, which are not only an interesting but also a safe alternative to traditional financial trading.
These are not the first reports of cryptocurrency and blockchain technology entering the world of sport.
Football teams have already noticed their capabilities, including Miami Dolphins or Portuguese club SL Benfica.
There were even cases of paying athletes a salary in cryptocurrencies - in 2018 as the first Olympian skater received payment in this form Ted-Jan Bloemen.