Cristiano Ronaldo Makes Cryptocurrency Headlines with Bitcoin Transfer Payment Possibility
A number of football players signing with crypto-friendly countries are seeing their transfer fees being settled using some form of digital currency. Some examples of this include Harunustapor, an amateur football club from Turkey signing a player and settling his transfer fees digitally.
Another was from the Semi-professional club, Gibraltar United, hailing from what is professed to be a crypto-friendly area, setting another unique trend. That trend is to pay its football players in cryptocurrency after securing a deal with the cryptocurrency, QuantoCoin. By the beginning of next season, Gibraltar United want to effectively pay its team members entirely using Crypto.
While Gibraltar had taken a more regulatory approach towards the use of cryptocurrency, Gibraltar United was able to secure the use of crypto as a salary method. Since the move was made, other European nations and their football clubs are starting to pay attention to it, indicating that we may even see major European clubs paying salaries and transfer fees in cryptocurrency.
Cryptocurrency Involvement With Competitive Sports
That time is coming sooner than we think, according to recent transfers, as one of the footballing worlds hottest names is having his transfer fees completely paid using Bitcoin. To resolve the matter of transfer from Real Madrid to Juventus, Christiano Ronaldo's fee may be settled in some form of Cryptocurrency instead of that old-fashioned fiat.
Coming with a $100 million price tag, the transfer is a major deal, not just for Juventus and Real Madrid, but for the cryptocurrency world as a whole. With this achievement, the cryptocurrency world may see far wider, more widespread adoption than previously expected.
The cryptocurrency world hasn't been hesitating in getting involved with the diverse and lucrative world of competitive sports. Crypto companies such as Cashbet Coin signed deals with Arsenal of all football teams in January this year. Along with this, Lionel Messi was secured by Sirin Labs to be the face of their startup.
In comparison to $100 million, the respective transactions that have taken place in cryptocurrency have not been so notable, but with football signings getting involved, the adoption of cryptocurrency may be coming sooner than any of us think.
Of all the mediums of sport that cryptocurrency could get involved in, none of them have risen and soared like football has; having not only balked at the prospect of being in decline, the average viewing population of football has only grown year on year.