Published On: Sun, Feb 11th, 2018

World’s First Olympic Athlete Paid in Cryptocurrency

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Canadian speed skater Ted-Jan Bloemen has become the first Olympic athlete to be paid in cryptocurrency, following a deal with two new technology companies.
A ‘whole new frontier’
For the first time in history, an Olympic athlete has been paid in cryptocurrency.
According to CNN, Canadian speed skater Ted-Jan Bloemen — a double world record holder — has signed a one-year sponsorship deal with cryptocurrency-focused social network, in addition to agreeing to terms with virtual reality developer CEEK VR.

According to his agent, Bloemen is exploring a “whole new frontier” when it comes to Olympic athletes funding their pursuit of success, by accepting cryptocurrency as a form of payment. He explained:
This is really a whole new frontier. It will be exciting to see how cryptocurrency can work for Ted-Jan, in particular, but also the impact it will have on the sport marketing industry as a whole.
Bloemen’s deal is fairly straightforward. In exchange for documenting and sharing his Olympic journey on and starring in a 360° virtual reality experience with CEEK VR, he is compensated in cryptocurrency.
CEEK VR founder and CEO Mary Spio sees massive potential for sports-focused …

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