English Soccer Teams Plan to Test Cryptocurrency Payment System

2018-8-21 20:52

In what is described as a “sponsorship deal”, seven top-flight clubs—Tottenham Hotspur, Leicester City, Newcastle United, Southampton, Cardiff City, Brighton, and Crystal Palace—have decided to set up Bitcoin wallets with an online trading platform, eToro. This move reportedly reflects a belief that cryptocurrency might oust sterling in the “multi-billion pound transfer industry”.

Details of the Cryptocurrency Deal

According to The Telegraph, “The bitcoin system will also help clubs tackle ticket touting and counterfeit merchandising,” and could even be used to pay players.

“The seven clubs involved in the trial have all been paid to receive bitcoin in a bid to spark interest,” said Iqbal Gandham, UK managing director at eToro. “We’ve done a sponsorship deal, but rather than pay them in traditional pound notes we’ve paid them in bitcoin… What they choose to do with that is entirely up to them.”

Head of Partnerships at Tottenham Fran Jones, and Paul Barber, chief executive at Brighton, expressed high hopes about the nascent technology. According to Jones, Tottenham’s involvement showed that it was “committed to technology and innovation.” Barber believes that the project will help the organization better understand the potential that blockchain has to offer.

Suggested Reading : Boost your Bitcoin knowledge with our ‘What is Bitcoin‘ beginner’s guide.

Cryptocurrency and Sports

In June 2018, Havas Sports and Entertainment and Havas Blockchain decided to reward sports fans by launching a cryptocurrency-based loyalty program. In July 2018, Major League Baseball (MLB) announced its plans to launch “MLB Crypto Baseball” through a licensing agreement. The MLB Crypto Baseball game will serve as a form of digital baseball cards.

CoinDeal, a Polish cryptocurrency exchange, struck a deal with English soccer team, Wolverhampton Wanderers, to become a shirt sponsor. Earlier in the year, English Premier League club, Arsenal, also signed a sponsorship deal with CashBet, a US cryptocurrency platform.

Arsenal was the first major global sporting team to partner with a cryptocurrency firm officially. An American basketball team, the Sacramento Kings, became the first sports team to mine the digital currency, Ethereum, in June 2018.

The post English Soccer Teams Plan to Test Cryptocurrency Payment System appeared first on UNHASHED.

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South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies

South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-20 13:59


Another US City Imposes a Moratorium on Crypto Mining

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2018-8-11 16:20


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Nanjing Invests $1.5B in Public Blockchain Projects and Token Economy

The capital city of Jiangsu province, Nanjing has launched a $1.5 billion blockchain investment fund to boost the token economy and public blockchain projects in China. Despite its outlawing of many aspects of the cryptocurrency industry, blockchain technology has finally received the support of the government. Consequently, almost 41 percent of all Chinese startups that

2018-7-24 00:42


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JPMorgan: Ripple, Bitcoin, Ethereum, Gardona, Dash, Litecoin stay here

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2018-7-20 18:24


Consortium Project Involving IOTA Wins EU Commission Approval to Roll Out Smart Tech in Several European Cities

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2018-7-10 17:19


Blockchain World Conference to Host World’s First Crypto Poker Tournament

This year’s Blockchain World Conference (BWC) will be closing with the first-ever, casino sanctioned, all crypto poker tournament, according to an announcement released today. Taking place in Atlantic City, New Jersey, between the 11th-13th July, Blockchain World Conference is an event where blockchain and cryptocurrency experts can meet and discuss the most up-to-date and current information […] The post Blockchain World Conference to Host World’s First Crypto Poker Tournament appeared first on Coinjournal.

2018-7-12 15:58


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Love is like a garden! Neglected and rotten growth creeps, well-developed and flourishes in abundance. Do not always get love. Love must work together daily!

Cryptocurrency mining malware that infected over a million computers in China reportedly earned its creators more than $2 million over two years. According to a local news report on Monday, police in China’s Da Lian city have arrested 20 suspects from a computer technology firm who allegedly gained control of the large number of computers

2018-7-9 14:46


Canadian Crypto Owners Love It For The Technology, Not The Speculation

An official survey by the Ontario Securities Commission (OSC) has confirmed Canada’s technology city has a deep interest in the technology behind cryptocurrency, than its financial outcomes. The financial trading regulatory body in Ontario had asked over 2500 Ontarians to provide input on their interpretation of the popular virtual currencies such as bitcoin.

2018-7-5 21:36


UK Finance Regulator FCA Approves Crypto & Blockchain Companies for 4th Cohort of Sandbox

Financial Conduct Authority Approves Crypto Companies for 4th Cohort of Regulatory Sandbox One of the most important regulatory agencies in the country, the Financial Conduct Authority (FCA), unveiled on July the 3rd, all the firms that were successfully approved to begin testing the fourth cohort of the sandbox. The City regulator named some cryptocurrency and […]

2018-7-5 00:22


Major Takeaways From Financial Economist Peter Schiff’s Bitcoin Discussion

Erik Voorhees, an important cryptocurrency entrepreneur and CEO of the exchange service ShapeShift, met with the bitcoin detractor and bear Peter Schiff in New York City on Monday July the 2nd. During a debate series hosted in Manhattan by the Soho Forum, the two figures were debating about the famous virtual currency and the cryptocurrency […]

2018-7-3 22:55


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