RATE Group | PSG join Arsenal with cryptocurrency deal that lets fans take part in club decisions
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PSG join Arsenal with cryptocurrency deal that lets fans take part in club decisions

28 Jan PSG join Arsenal with cryptocurrency deal that lets fans take part in club decisions

Posted at 18:36h in Cryptocurrency News by

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Paris Saint-Germain have signed a new cryptocurrency deal that will allow more than 78 million fans to take part in major club decisions.

It comes after Arsenal launched a similar partnership with US cryptocurrency CashBet in 2018, allowing fans to use and redeem coins at the 60,000-seat Emirates stadium.

In a statement on Twitter, the club said 20 million virtual ‘coins’ worth £1.69 each have been put up for sale online.

Fans can collect them in a Pokemon Go-like system and use the credits to pick next season’s shirts or meet their favourite players.

The news comes 16 months after the French club signed a deal with the Maltese company Chiliz that runs the blockchain platform called Socios.com.

Paris Saint-Germain (PSG) made the announcement of the launch of the cryptocurrency blockchain tokens on Twitter and accompanied their post with a video advertising the new product.

To take part in decisions, fans will have to download the app which will then allow them to purchase or…

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