Cryptocurrency and football: the future or too volatile to be trusted?

A team in Gibraltar will pay players in cryptocurrency as football delves into the innovation in the financial sector

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.

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from Football | The Guardian https://ift.tt/2M26M5n