Torrance is the first major soccer club in the world to begin accepting cryptocurrency as a form of payment for its season tickets. The move is the latest in a series of steps taken by teams within the club’s management group to drive cryptocurrency adoption, with executives declaring they intend to bring cryptocurrency into all aspects of the club, with a desire to become one of the first major soccer clubs to accept it across the entire organization.

We all see the benefits of allowing crypto to be used as a form of payment, but rarely do we see this happening in the mainstream. It is surprising to see that some top soccer clubs are now embracing the crypto movement.

TL;DR Breakdown • Every day, more football clubs want to enter the crypto world and adopt cryptocurrency. • The fans are divided, between those who see it as novel and those who see it as superficial participation. An increasing number of major soccer clubs are launching into cryptocurrencies, allowing fans to vote on minor decisions. This is happening as the sport faces a drop in earnings due to the COVID-19 pandemic. The fans are divided; some followers see the proposal as a novel way to interact with their favorite teams and help in decision-making, even if it is all about insignificant decisions, such as the images used on social networks or the song produced in matches after scoring a goal. Other followers view tokens as a shallow stake that only adds to the already progressive costs of following their teams. Among the clubs that have launched tokens in recent months are AC Milan of Italy and English Premier League champion Manchester City. The Spanish team, which tied its first match at the European Championship on Monday, plans to launch a similar project. But Argentina, which also started its Copa America campaign that same day, launched its tokens last week.

Soccer clubs want to embrace cryptocurrency

word-image-9401 Fan tokens can be traded on exchanges like another cryptocurrency and have attracted the attention of different investors and retail traders. Prices are prone to sudden swings and may also connect to performance in the field. In recent weeks, the tokens of the most popular and important clubs have lost almost two-thirds or more of their value. This reflects volatile swings much like those seen in the crypto sector. Football Supporters’ Association President Malcolm Clarke, who represents the fans of Wales and England, says that football clubs are only trying to make money by approving that fans can have a say on some topics of interest and how clubs are managed. He also added that clubs only want to get extra money from fans by making up unimportant online engagement polls. Fan tokens have gained appeal for clubs in these times of revenue contraction from the pandemic. This is because the games have had to be played without an audience; sales in the top 20 revenue-generating clubs in Europe dropped 12% in 2020. Executives from these teams and other larger clubs have claimed that fan tokens have been able to help drive accountability to fans around the world. This cryptocurrency also provides access to contests and promotions. Despite this split over cryptocurrency, some sports fans accept the tokens because they feel more involved with their teams. A retail manager named Giuseppe Bognanni, a fan of Juventus, has commented that it is good that the decision you voted for is the one you see in the match.

football crypto tokensfootball club crypto coinsfootball clubs cryptofootball coins cryptofootball crypto coincryptocurrency sponsorship,People also search for,Privacy settings,How Search works,football crypto tokens,list of football club cryptocurrency,football club crypto coins,football clubs crypto,list of football cryptocurrency,football coins crypto,football crypto coin,football clubs tokens

You May Also Like

How To Earn Interest On Stablecoins

Stablecoins have the potential to change the way that we finance our…

Ethereum Price Analysis: ETH continued to rally, targets $2,200 next?

According to the latest Ethereum price prediction on the long-term price target…

If you are short on bitcoin, you might get rekt in the coming weeks! On-chain shows great divergence, and whales as a whole adde

Many people have been wondering about the on-chain Bitcoin Cash price action.…

Bitcoin to reach $157,000 as the re-accumulation phase ends, analyst Willy Woo

Willy Woo, a top analyst from Fundstrat Global Advisors, is bullish on…