Using cryptocurrency as payment method in sports is key to mass adoption - page 2.

Patatas

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Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

Sport can unite the entire world or can allow discrimination at the same time. Most of the time as I have been it, people are supporting a particular country, not because of the sports but the rivals.

Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

It's already included as Sports betting sites. I don't know how to simplify it further. I don't see how bitcoin fits in the scenario here.

mostkey

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Of course the answer is that it will not be strong enough to be part of a sport where we need support from various parties so that it can be realized well and smoothly, as well as unfavorable interests where this is something new and everyone is familiar with fiat as transaction tools without having to waste crypto at a low price as others think, they see that crypto is an investment, nothing is easy to launch in small or large scale sports events back to not much support.

Vickyrichy

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Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

It is not a bad idea that sport sector will endorse bitcoin but the big question is that, who in the sport industry is ready to endorse the use of bitcoin in this sector? Most of the authorities in charge of the sport aspect do not buy into the idea of decentralization, they prefer centralization where a group of individuals or one person controls the outcome or transactions made .

sakahayang

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Sports are the most in demand of everyone, the input you give, I think is good. this will make the Bitcoin market increase because users will increase from sports supporters.
however, the question is who will do this all?

Gozie51

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Buying tickets to watch football match with bitcoin can be possible even at the moment since buying with fiat presently is by online booking. Likewise bitcoin too, it will be very possible and a way of promoting cryptocurrency.

Quote from: vy99 on September 18, 2018, 10:34:01 AM

Sports is a relatively small sector. The true key to mass adoption is price stabilization and people actually using their crypto as currency instead of just hoarding it "for the moon"

A way of using it is when altcoins starts being demanded as means of payment either by exchanges or big outfits. Bitcoin is already being used so whoever is holding it is obviously doing that for it to appreciate more.

rosemary4u

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Sports is a great tool for development, since there is a large number of people who follow sports, it can easily be used to promote bitcoin and the world of crypto to the rest of world who have less knowledge on blockchain technology. I guess many upcoming projects that are based on sports would help promote this course.

JanpriX

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Sports leagues accepting different cryptocurrencies especially Bitcoin would really help increase the adoption rate of the said units. The only question that we can have here is whether will they really use it right now or in the future? We should know that people running this leagues are very traditional and use fiat in every transaction that they deal with. If we want them to accept cryptocurrencies, we really need to penetrate those folks and get their vote to at least try using cryptos as a method of payment.

Well, one positive thing about this is that there are so many betting sites that accepts different cryptocurrencies. These organizations are somehow related to those betting sites and they'll mostly heard about it one way or another.

Ferki

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Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

You are right.With larger acceptance of cryptocurrency and better implementing of blockchain technology there will be no way to miss this niche.Right now it´s adopted for betting platforms,but allready some ICO´s are planning to reward thair platform users for sport activities.
I see lot of tournements in the future paying some kind of rewards in cryptocurrency,there are some suitable sports, just born for that.

terraminer_io

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Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

It is better to create marketplaces, similar to the Silk Road, but working within the official Internet. Sale of goods through bitcoin transactions.

vy99

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Sports is a relatively small sector. The true key to mass adoption is price stabilization and people actually using their crypto as currency instead of just hoarding it "for the moon"

Kprawn

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I got to give it to you, this is a very interesting topic. I truly think Bitcoin can draw a lot of people in, if they can incorporate

Bitcoin in large Sport events. We need large Crypto currency companies to start sponsoring large Sport events for maximum

expose. (Where is Coinbase and all the Crypto currency companies, when we need them?) We have not seen any large

eGames event being sponsored by these Crypto currency companies. Huh

pitiflin

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Quote from: Cryptogid on September 18, 2018, 08:26:40 AM

Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

Dude,you're trying to make crypto into more of a sexist thing than it already is. Of course I am using a stereotype here, but it's not false, more women are involved in sports than in men.

Next, UEFA would never accept crypto. And, buying tickets or anything in crypto would rather prove more expensive when you can spend less using fiat. Crypto needs to go through regulation if it has to get adopted.

BrewMaster

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Quote from: Giftedcrypt on September 18, 2018, 09:20:22 AM

Yes to my well able hero comment,but at least ,most countries international sports are sponsored by their government's,so them getting to know about Crypto currency, can make them create their own digital currency,and possibly legalized Crypto,being it,its the only or a major means of participation

my point was that it can not be the "key to mass adoption" as your title suggests.
additionally i don't think countries creating their own cryptocurrency is going to change much about adoption of a decentralized currency like bitcoin or even legalization of it. it can go both ways. they can create their own coin while letting bitcoin grow or they can ban bitcoin while advertising their own coin as the only cryptocurrency people are allowed to use.

Cheezesus

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Maybe they can put like an option which people can pay using cryptocurrency. I think that not many people are going to buy tickets using crypto because there are some that are not aware of it. Maybe some halftime prizes in NBA can be turn into crypto.

Giftedcrypt

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i wouldn't call it key because although what you are saying is going to be great if it happens but it is still going to target a very small group of people whoa are actually buying tickets. how many people can actually go to an stadium and watch the matches anyways?

interestingly enough we will see this in action during the 2020 Olympics which is held in Japan..............
Yes to my well able hero comment,but at least ,most countries international sports are sponsored by their government's,so them getting to know about Crypto currency, can make them create their own digital currency,and possibly legalized Crypto,being it,its the only or a major means of participation

dothebeats

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This has been done on the FIFA World Cup in Russia but as far as reports go, there wasn't enough interest for it to get significant attention. It was a nice take at publicity stunts but unfortunately it doesn't have the traction it needed. I'd say online shopping and the likes would certainly give a massive boost on widespread adoption because we obviously lack places to use our bitcoins. It would be way better accepting bitcoins as payment on the regular rather than sporting events which happens onlt a few times in a year.

Giftedcrypt

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Yes to my well able hero comment,but at least ,most countries international sports are sponsored by their government's,so them getting to know about Crypto currency, can make them create their own digital currency,and possibly legalized Crypto,being it,its the only or a major means of participation..

BrewMaster

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i wouldn't call it key because although what you are saying is going to be great if it happens but it is still going to target a very small group of people whoa are actually buying tickets. how many people can actually go to an stadium and watch the matches anyways?

interestingly enough we will see this in action during the 2020 Olympics which is held in Japan.

Cryptogid

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Sports is one thing that unites the entire world. Even countries who appears to be political and economic rivals are usually united around sports as evident during world tournament events like the World Cup and the Olympic Games.

I believe if cryptocurrency is adopted as payment method for sporting activities including domestic league games stadium tickets and more importantly, the most watched league event in the world such as the UEFA Champions League, cryptocurrency global adoption will be actualized even earlier than expected.

What are your opinions?

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