How Can Cryptocurrency Help the NRL?

The NRL has some long-standing problems. While cryptocurrency can't cure them all, it can certainly help.

Many people believe that rugby league news is all about results, players, and how to get better at the sport. Who would suppose that the cryptocurrency market will actually play a huge role in defining the long-term success of the whole sport?

Alright, you will probably wonder what the common thing between people who buy Ethereum with Paybis and those watching rugby is. Well, in many cases, it's the same people!

Here, we will briefly explain what cryptocurrency is and what its impact is on our beloved sport.

What is cryptocurrency?

Cryptocurrency is a digital currency that is in demand and gaining attention as an alternative method of payment. Many cryptocurrency users use cryptocurrencies because they're safe, fast, and easy to transfer between people. In terms of security, cryptocurrencies are safer than the banking system because it doesn't rely on a central server or company for storage. Cryptocurrency is a global currency based on software encryption technology with no central control.

And what does it have to do with our favorite sport? Of course, money!

NRL Problems

Rugby isn't known for a sport that has a global fan base like football, basketball, or tennis. And according to experts, the lack of talent is plaguing the NRL. But is it a coincidence that many sports are advancing while rugby isn't? 

Lack of Talent

We have already mentioned that talent pools are limited. While rugby is put on a pedestal in New Zealand, this isn't the case in Australia where cricket, European football, and even tennis are preferred options. This eventually leads to the degrading quality of the sport. 

Global audience

While it attracts interest in the region, NRL faces one major problem - it doesn't bring much interest from other parts of the world. If we draw parallels with football and basketball, and even tennis, we will see how big that problem is.

Lack of local interest

Global audiences aren't the only problem the NRL faces. According to many sources, the attendance rates are dropping each season which is detrimental to the whole sport.

Lack of sponsors

Unfortunately, the loss of interest will lead to a lack of sponsors, as no one is willing to pay for something just like that. Companies want to drive revenue from their big investments, but the lack of interest would mean that exposure isn't going to be that good either.

How can cryptocurrency cure many problems?

The crypto world is no panacea for all problems, but it can certainly offer a helping hand in many cases.

Sponsorships

Cryptocurrency exchanges are looking for ways to expand their client base. It's not uncommon for NRL teams to have bad experiences with sponsors. Crypto brokers can offer lucrative contracts that can bring better conditions for clubs. The NRL itself has signed a three-year multi-million deal with Brisbane-based Swyftx

Salaries in crypto

Cryptocurrency salaries are a great opportunity for players to run investments with their accounts. Sydney Roosters' Oliver Gildart is an avid fan of cryptocurrency, and so are many other players who believe they have a good chance of multiplying their salaries in a few years. Crypto is always a good opportunity to protect money from rising inflation. In fact, Perth Heat (part of the Australian Baseball League) is already paying full salaries in Bitcoin.

Attracting interest

Crypto fans are all around the globe. Announcing news about partnerships with NRL organizations and players will immediately bring more interest from abroad. North America, Continental Europe, and even Asia are very big markets that are worth a shot. Attracting global interest will make the sport more attractive for kids, too, and that can have a snowball effect.

More international talent

Getting paid with smart contracts means NRL teams can afford to pay more for players and afford more international stars without any worries. Grabbing this opportunity is essential for the further development of the rugby league, since quality players will level up local ones, too. See what happens in football!

More people watching the NRL

If it attracts talent from across the globe, the NRL will become more attractive for viewers who will start watching rugby again. Packed venues will result in more interest from sponsors, too, as they will find sense again to invest.

Kids playing rugby again

The cornerstone reason for clubs to invest in their youth academies is to bring young lads aboard. However, mass sports are "stealing" talented kids. Suppose money is brought again in rugby and is rivaling football and tennis. In that case, many people will start paying more attention to rugby, and we will see a rise in the number of talented children playing our favorite sport.

Summary

Cryptocurrency can help NRL in many forms. While money is a significant factor to consider, the popularity of crypto can bring its benefits to the NRL in a unique way.