𝐄𝐬𝐩𝐨𝐫𝐭𝐬 𝐚𝐧𝐝 𝐂𝐫𝐲𝐩𝐭𝐨 𝐀𝐫𝐞 𝐀𝐝𝐯𝐚𝐧𝐜𝐢𝐧𝐠 𝐄𝐚𝐜𝐡 𝐎𝐭𝐡𝐞𝐫

Esports have been receiving funding from cryptocurrency companies for a while now. You can sponsor events using cryptocurrency, trading platforms, and investment funds.

A few tournament prize pools have made use of bitcoin. And you can even place bets on video game events using cryptocurrency.

𝐓𝐡𝐞 𝐭𝐲𝐩𝐢𝐜𝐚𝐥 𝐦𝐚𝐥𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐚𝐧𝐝 𝐞𝐬𝐩𝐨𝐫𝐭𝐬 𝐟𝐚𝐧 𝐢𝐬 𝟏𝟖 𝐭𝐨 𝟑𝟓 𝐲𝐞𝐚𝐫𝐬 𝐨𝐥𝐝, 𝐭𝐞𝐜𝐡 𝐚𝐰𝐚𝐫𝐞, 𝐚𝐧𝐝 𝐬𝐩𝐞𝐧𝐝𝐬 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐭𝐢𝐦𝐞 𝐨𝐧𝐥𝐢𝐧𝐞.

Crypto businesses seek to convert as many esports fans as possible into cryptocurrency users after seeing the industry’s meteoric growth. A number of teams, including Fnatic, Gen.G, Misfits, Cloud9, TSM, and others, have experimented with cryptocurrency agreements.

𝐀𝐫𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐩𝐫𝐢𝐳𝐞 𝐩𝐨𝐨𝐥𝐬 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐞𝐬𝐩𝐨𝐫𝐭𝐬 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧𝐬?
A different method of funding esports prize pools is cryptocurrency. This is because cryptocurrencies are decentralized and permissionless.

Large-scale international money transfers are notoriously challenging. It may take weeks, be expensive, and include a lot of paperwork.

Large sums of money can be exchanged relatively immediately and for a little price anywhere in the world using cryptocurrency, which operates on a global blockchain.

Because cryptocurrency has no borders, esports tournament organizers may avoid banks and governments that prevent them from moving money.

The payout procedure can be sped up considerably by cryptocurrencies. Players can get their wins as soon as the competition is over in a matter of minutes.

𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐄𝐬𝐩𝐨𝐫𝐭𝐬 𝐟𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐅𝐚𝐧𝐬
Customers can use cryptocurrency to place wagers on their preferred esports teams without paying any fees, getting in trouble with their banks, or disclosing their gambling habits.

Players can almost instantaneously deposit and withdraw money thanks to the speed of cryptocurrencies.

Although it’s less typical now, in the past gamers would have had to wait weeks to get paid.

𝐈𝐭 𝐚𝐩𝐩𝐞𝐚𝐫𝐬 𝐭𝐡𝐚𝐭 𝐞𝐬𝐩𝐨𝐫𝐭𝐬 𝐚𝐧𝐝 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 𝐰𝐢𝐥𝐥 𝐬𝐭𝐚𝐲 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞.
Despite the disagreement within the community on this matter, cryptocurrency use appears to be on the rise.