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Will transfers in the premier league be paid with bitcoin?



The cooperation means that the seven football clubs will promote the cryptocurrency platform eToro.



29.Oct.18 8:18 AM
By Abigail Richards
Photo eToro

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Will transfers in the premier league be paid with bitcoin?
Is Neymar going to England for bitcoin? Well if it is on trading platform eToro. They recently started a partnership with seven football clubs from the Premier League. The unique thing is that the clubs are paid in bitcoin.

The seven clubs that participate are Brighton & Hove Albion, Cardiff City, Crystal Palace, Leicester City, Newcastle United, Southampton and Tottenham Hotspur.

The cooperation means that the seven football clubs will promote the cryptocurrency platform eToro. This can be done, for example, by means of billboards in the stadium. The clubs are paid for this in bitcoin.

Iqbal Gandham, CEO of eToro, therefore expects that this can have major consequences:

"I really believe that within six to twelve months we see the first football transfer in the Premier League that is being handled with bitcoin."

<strong>Transfer money directly</strong>

He mentions several advantages that bitcoin can have compared to the English pound. Often football clubs complete their transfers on the last day of the deadline. If you pay these transfers with fiat currency, that is always exciting. Does the money arrive on time or not? With bitcoin, that problem does not exist. The money comes almost directly to the receiving party's account.

In addition, the use of bitcoin can increase transparency in the football world. Football clubs simply have to give their wallet address price. Then everyone can find publicly how much has been paid for a certain transfer.

<strong>Football transfer in bitcoin no scoop</strong>

It sounds revolutionary, but it is not about the first football transfer in bitcoin. That honor is due to a Turkish amateur club. In January the club Harunustaspor paid 0.0524 bitcoin for a footballer, at that time accounted for about 434 euro. We will not say how much that is worth now.

It is clear: this year the ball is at crypto. We are curious what this will have!



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