RATE Group | Italian Football Club Makes History After Becoming First To Be Purchased In Cryptocurren…
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Italian Football Club Makes History After Becoming First To Be Purchased In Cryptocurren…

30 Aug Italian Football Club Makes History After Becoming First To Be Purchased In Cryptocurren…

Posted at 14:20h in Cryptocurrency News by

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Rimini 1912 FC was purchased by Gibraltar-based Quantocoin in its cryptocurrencyRimini 1912 FC

Italian Serie C football club Rimini FC 1912 has become the first team in history to be purchased in cryptocurrency. Quantocoin, which uses blockchain-technology to provide an alternative crypto-payment method for investors, now owns 25% of the side. The Gibraltar-based firm made the purchase in its cryptocurrency of the same name.

According to Pablo Dana, a partner at Quantocoin, the purchase will be the first of many that his firm wants to make in the industry. He believes cryptocurrency offers a unique opportunity to fight corruption in a sport which has been rocked by a number of high-profile scandals involving cash, such as the accusation that Qatar bought votes as they won the right to host the World Cup in 2022.

The blockchain-run Quantocoin payment system logs every instance when a payment is made through a system of autonomous, incorruptible and…

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