Gibraltar United the first European football club that pays its players with cryptocurrencies

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Gibraltar United will become the first European football club to pay its players with cryptocurrencies. Thanks to an alliance that they have made with Quantocoin, the longest-lived team in Gibraltar will become a pioneer of this type of operations.

Gibraltar is a country with a very open stance towards cryptocurrencies and blockchain technology. Thus, it is not surprising that a team from the first division of professional football in the country take a similar step. The owner of the club, Pablo Dana, has already indicated that all player contracts will include payment agreements in cryptocurrency for next season, The Guardian reported.

Dana is an investor in Quantocoin, a project that seeks to launch a mobile banking application based on blockchain this year. In addition, Heritage Sports Holdings, group shareholder of the team, signed an association agreement with the company. According to this negotiation, players, fans and employees of the company can use the services of Quantocoin. This includes the possibility that the group uses cryptocurrencies to buy players.

[Gibraltar] was the first place that regulated the betting companies 20 years ago, when everyone saw them as horrible. They established compliance and anti-money laundering regulations and created a platform; They have the intelligence to do the same with cryptocurrencies.
Pablo Dana

Owner, Gibraltar United

Originally formed in 1943, between 2011 and 2014 it merged with the Lions Football Club, and changed its brand to Lions Gibraltar FC. Later they separated and from there he took back his name. The team participates in the country's highest competition, certified by UEFA in 2013.

Cryptocurrencies and soccer have been interacting more and more in recent months. In the middle of July it was learned that Didier Drogba, the forward of the Ivory Coast team and clubs like England's Chelsea, began to be a commercial image of All.me, a social network project with its own token that seeks to share the advertising revenue with users.

For its part, at the end of June the Brazilian football clubs Atlético Paranaense and Corinthias revealed their work plans with cryptocurrencies for next year, an initiative that involves payment of salaries with cryptocurrencies, active investment of fans in the club and a structure more decentralized institutional

This initiative is the result of the association of both teams with the French startup Innovi LTD. And besides paying the salary of its athletes, it will allow the interactive participation of the fans, as well as the decentralized growth of the team. The president of the Deliberative Council of the club, Mario Celso Petraglia and the CEO of Innovi, Loic Lacam explained and sealed the alliance at a press conference.

Other figures such as Lionel Messi, James Rodriguez, Ronaldinho, Iniesta or Puyol have also been linked to projects associated with blockchain technology or cryptocurrencies, demonstrating how this trend is gaining momentum.

Featured image by eyegelb / stock.adobe.com

SOURCE:https://www.criptonoticias.com/entretenimiento/gibraltar-united-primer-club-futbol-europeo-pagar-jugadores-criptomonedas/