Quantocoin: Football teams are paid in crypto currencies

The owner of Gibraltar United, the cryptocurrency investor of Pablo Dana, has decided, through Quantocoin's initiative, to pay players with digital currencies next season.
While 30 million of Ronaldo's salary is being discussed in Italy, teams from the main division of Gibraltar have decided to accept cryptocurrency payments.
According to Dama, the use of cryptocurrency will help fight corruption in the football sector, illegal bets in the example.
About 20 years ago Gibraltar made legal bets, being the first to get rid of the black market. Today is one of the first countries to provide a legal framework for cryptocurrency, by being the center for this new type of financing and providing legal support for the sector that is still growing.
As Dana himself pointed out, "they have the intelligence to create platforms with anti-money laundering regulations."
In addition, cryptocurrency payments will facilitate the recruitment of foreign players who often have difficulty opening bank accounts in small countries and may also provide tax benefits to players.
Gibraltar United has been registered with UEFA since 2013, and that is only the latest in a series of cases in which the world of crypto and football have crossed the road.
In addition to many sponsors, there is a case of semi-professional Turkish player Omer Faruk Kiroglu, whose recruitment to Harunustaspor is paid in part in crypto currency.
In March, Yonghong Li, a former owner of AC Milan tried to pay installments of 10 million euros in social debt in bitcoin, but the effort was rejected.
Source:


Fabio Lugano
Graduating with an honorary degree from Bocconi University, Fabio is a consultant for companies and injured shareholders from Venete Banche. He is also the author of "Scenari Economici", and a lecturer and cryptocurrency analyst since 2016.
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