SPORTS AND CRYPTOS- THE MASS ADOPTION ARISING
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Have you ever wonder what sports and the Blockchain/Cryptocurrency could have a connection? The answer just became a reality as Arsenal Football club of England became the first professional soccer outlet to sign a cryptocurrency deal and implement it; MY FAVORITE CLUB JUST DID THE UNTHINKABLE!!!
Report reaching mainstream is that Arsenal FC had sign a deal to promote cryptocurrency, specifically for a gaming firm called CashBet and the token called "CashBet Coin" was launched on the 24th of Jan 2018. The Initial Coin Offerring is aimed at raising $40 Million by getting stakeholders, investors and Crypto-traders to purchase the new token.
This partnership with the "Gunners" is targeted at CashBet Token promotions after the Jan 24 ICO. One of Arsenal media executive executive stated that;
it does not exist to encourage fans to bet with CashBet coin but for investors to troop in...
The California Based online gaming Business which started operations back in 2012 wants the Tokens to be popular as their are millions of Arsenal FC FANS all over the Globe. Even though Cryptos have lesser regulations because of its Decentralised structure. But the United Kingdom Gambling Control Commission and Alderney Gambling Control Commission would be the Regulating body just like a Normal betting pool.
ANY RISK INVOLVED?
One of the questions asked is how safe and secure this venture is? The octane high volatile cryptocurrencies makes it a cautious entity to dabble into.
Cashabet Coin had been stipulated at just profits gained for the appreciation in values of the coin, all coin holders and investors will have Zero stake in the Business and will recieve no Dividends!
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everyday holds something new for the world to behold, congratulations to Arsenal FC and cashbet ......
The World is yours
Yes!!! Lets see which club is next.
Any guesses?
Chelsea FC
Would definitely like to see Chelsea. Anymore?
Hala Madrid!
Amen!
Clap clap clap.
We are definitely in the crypto world and Arsenal Fc just burst other clubs by taken such steps. This is pretty cool. But hope it won't be in form of gamble?
It's a betting Coin actually but more of investors than Gambling
We're seeing cryptocurrency go more mainstream everyday. Very cool that Arsenal is jumping on board. Love me some EPL.
Wow arsenal ...That’s a good thing 😃
This is a good news for the financial market
And sports...
I honestly think this is one of the ways that the average joe will get interested in Crypto. Especially if the crypto is associated with sports betting.
You are darn right my friend @zarrakis
That will be awesome, that is exactly the idea steemsoccer1 is coming up with.
#steemsoccer1
The Betting or which part?
Betting
For real?
This is amazing...No doubt 2018 is absolutely seeing more companies and organizations into Cryptocurrency and blockchain Tech.
Chelsea will be next. Lol!