The first Olympic athlete who received payment in cryptocurrency

The first Olympic athlete who received payment in cryptocurrency

Canadian speed skater Ted-Jan Blumenau became the first Olympic athlete to receive payment in cryptocurrency from two sponsors.

New horizon

For the first time in the history of the Olympic athlete got the money from sponsors in the form of cryptocurrency.

According to CNN, canadian speed skater Ted-Jan Blumenau, holder of two world records, has signed a sponsorship agreement with the social network, focused on cryptocurrency – onG.social and also agreement with the company, which operates in the field of virtual reality – VR, CEEK.

Olympic games

According to his agent, Blumenau became the first among Olympic athletes, who receive payment in bitcoin:

The Blumenau opens up new horizons for Olympic athletes. We observe with interest what impact this will have on sports marketing in General.

The contract in Blumenau is quite simple. In exchange for the fixation and the publication of his stay in the Olympic Games at onG.social, assistance CEEK VR in creating an environment of virtual reality (full immersion), he receives payment in the form of cryptocurrency.

Founder and Executive Director of the CEEK VR Mary Spio sees huge potential in virtual reality sports, and so happy to be working with in Blumenau:

Support in Blumenau latest technologies clearly reflects his desire for new things. We believe that virtual reality isn’t just suitable for our audience, but will eventually be used for teaching and training athletes.

It should be noted that the portion of fee received in cash in Blumenau.

For me, this deal is not much risk since I already got part of the fee in cash. We strive to help each other. I hope so my sponsors would be a bit more famous and it would be beneficial to all of us.

According to CoinMarketCap, onG.social (ONG) has total market capitalization of $ 6.322.255 U.S. dollars at the time of publication of this article.

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