It was a significant day for the players, coaches, and game officials of the Makati Ballers League as they gathered to receive Universal Basic Income (UBI) certificates through a pioneering partnership between UK based Bangko Maharlika and the American Basketball Association (Global) facilitated by NIFA Sports Management Corp.
Led by Commissioner Kenneth Almendra, the Makati Ballers League is at the forefront of a revolutionary sports finance model in the Philippines. The event featured a detailed briefing on the UBI program conducted by NIFA’s CEO, Sherwin Yanzy Enriquez. Each participant, including players, coaches, table officials, referees, and the multimedia team, received their UBI certificates. These certificates represent their entitlement to UBI in the form of MHLKBANGKO cryptocurrency, a digital currency based on the Cardano platform that promises to support and transform their lives both on and off the court.