According to The Guardian, players of the Premium Division football team Gibraltar United will be the first to be paid in cryptocurrency. The crypto payments will begin starting next season.
Pablo Dana, the team’s owner, explained why he believes that Gibraltar is the perfect place for cryptocurrency:
“It was the first [place that] regulated betting companies 20 years back, when everyone was seeing them as horrible. They put compliance and anti-money laundering regulations and created a platform – they have the intelligence to do the same with cryptocurrencies.”
Dana has invested in Quantocoin, a platform designed to provide cryptocurrencies for everyday uses.
Gibraltar certainly brings legitimacy and transparency to cryptocurrency. And Pablo Dana wants Gibraltar United to bring more transparency to football.
This isn’t the first time that football and cryptocurrency meet. London’s Arsenal Football Club signed a sponsorship with the CashBet cryptocurrency in January.
The London Football Exchange (LFE) wants to create a token-based football community to “enable clubs to have a direct connection with fans in a frictionless marketplace”.
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