RATE Group | Cryptocurrency and Football: The Future or Too Volatile to Be Trusted?
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Cryptocurrency and Football: The Future or Too Volatile to Be Trusted?

06 Aug Cryptocurrency and Football: The Future or Too Volatile to Be Trusted?

Posted at 07:27h in Cryptocurrency News by

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Nestled between the Rock and an airport runway, a football team are making history in Gibraltar. This time it is not the national side conceding an exorbitant number of goals (124 at the last count in four and a half years) or Lincoln Red Imps beating Celtic in the Champions League. It did not even happen on the artificial pitch of the iconic national ground, Victoria Stadium. Instead, Premier Division Gibraltar United have crept into the spotlight by becoming the world’s first football team to introduce cryptocurrency.

Through their owner, Pablo Dana, an investor in the cryptocurrency Quantocoin, the club started a sponsorship partnership. Dana says all player contracts will include payment agreements in cryptocurrency by next season.

Some may see this as a random entry point for cryptocurrency in football, at a semi-professional team in a league that became Uefa certified only in 2013. Look more closely, though, and it makes perfect sense. Gibraltar’s finance…

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