Thursday, 2 August 2018

Growing Impact of Cryptocurrency on Soccer https://ift.tt/2LSB2Tg

It seems like football and cryptocurrency are sharing an interesting equation these days. Digital currencies are being used by soccer legends, clubs, and former footballers and also for paying salaries to some football players.

The mere fact that soccer and cryptocurrency have forged strong collaborations marks a fresh and hitherto unexplored economic territory. It has been already established that alliances between the two are a perfect match in the finance domain.

There have been innumerable news articles referring to the interesting ventures between soccer and cryptocurrency in the last few weeks. Famous former footballers from the yesteryears like Didier Drogba who played for Chelsea and Ronaldinho, the soccer legend from Brazil have grabbed headlines in the recent days for their association with digital currency ventures.

It was only last month when the former Chelsea footballer Didier Drogba made his association with cryptocurrency public. He declared his intention to work as an ambassador for all.me, a social media platform for digital currencies.

Football Players Getting Their Salaries In Cryptocurrencies

If you thought that only former football legends are reaping benefits from the association between soccer and cryptocurrency, think again. Many football clubs are also getting actively involved in digital currencies as well. The virtual coins are being used in many cases to help in subsidizing the soccer clubs as well as for paying salaries.

According to a report published in Crypto Disrupt, a football team known as Gibraltar United is taking a step towards paying their player in the digital currency. The club has entered into a partnership with a cryptocurrency called Quantocoin. The move intends to amend the contract of its players to use crypto as their payment.

In another major association between football and cryptocurrency, Brazilian football teams Corinthians and Atlético-PR declared their partnership with IVI token. Incidentally, the token is a Hong Kong-based digital currency and has been exclusively designed for the soccer industry.

 

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