RATE Group | PSG announce deal to launch cryptocurrency – Tech News
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PSG announce deal to launch cryptocurrency – Tech News

12 Sep PSG announce deal to launch cryptocurrency – Tech News

Posted at 08:33h in Cryptocurrency News by

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French footballing giants Paris Saint-Germain are launching their own cryptocurrency after announcing a new partnership with Socios.com, a blockchain company based in Malta. 

In a statement announcing the deal, Qatar-owned PSG did not reveal the length of the agreement or how much money they will make from it, although a source said they expected it to be worth “several million euros”.

Socios.com describes itself as a “tokenised football fan voting platform”, with the title derived from the Spanish name given to members of La Liga giants Barcelona and Real Madrid.

The idea is to allow PSG fans to buy tokens which allow them to vote in online club surveys. Socios.com’s own website says it gives “fans access to club branded fan tokens that come with voting rights and access to VIP level club rewards and engagement opportunities”.

The team behind it has raised more than US$66mil (RM273mil) in financing so far. But PSG, who signed Brazilian superstar Neymar for a world record fee of…

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