Cryptocurrencies And Sports Industries Join Forces: New Collaborations To Boost Mainstream Use

Ever since Bitcoin’s performance witnessed some life, especially after the 2018 plummet, many sports and crypto projects have been joining forces. In particular, news outlet, Crypto Potato has provided a brief breakdown of three collaborations thus far. This shows how far crypto and blockchain have come and the rate at which they are taking over newer spaces.

The first-ever alliance between said parties involve an Italian soccer club, Rimini FC 1912 and global mobile blockchain bank, Quantocoin. The latter has been recognized, considering the fact that it provides services to well over two billion traders; not to forget its 25% ownership of the soccer club.

The next endeavor that was elaborated upon entails both European-based soccer club, Newcastle United and blockchain project, StormGain.

Since the announcement, the CEO of StormGain, Alex Althausen expressed enthusiasm in being able to collaborate with a well-known club, stressing that

“cryptocurrencies and mainstream sports is inevitable.”

Finally, Portugal-based soccer club, S.L. Benifica, has revealed that it will be accepting cryptos (primarily BTC, ETH and UTK) as a payment method for merchandise purchases.

This is just a sample of what’s taking place within the blockchain sector and the potential it has moving forward. In addition to partnerships, more and more advertisements are making waves. This is especially important because it attracts the general public, which is what we need for crypto adoption.