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Tron, Binance, Kraken – Liverpool FC Tests DLT Ground, Global Football Clubs Showing Interest in Crypto

Last week, leaders of three top crypto platforms received what seemed to be an invitation for a partnership from LFC. Still, comments from LFC say that no plans to collaborate with Tron exist. What’s the deal then?

Last week, Tron CEO tweeted that he had received what seemed like an invitation from Liverpool Football Club (FLC) for an official partnership. This team is currently on the top list of the English Premier League. Justin Sun promised to provide more details later.

Numerous crypto news outlets picked this up and started discussing, thus kind of making Justin Sun’s proud news sound substantiated.

However, when contacted, the LFC spokesperson made it clear that no official collaboration with Tron is happening. Later on, the chiefs of Kraken and Binance tweeted the same things – receiving ‘invitations’ from Liverpool FC. Now, the situation seems to become clearer.

LFC is looking into blockchain
sphere

LFC’s spokesperson confirmed that the club had sent these invitations to
several blockchain companies in order to better study their business and DLT
overall to keep up with recent tech trends.

“We do regularly engage with lots of companies to better understand their business and we have extended an invitation to Tron—along with many others,” the spokesman said. “To be clear, no discussions have taken place.”

Is global football entering
crypto?

Many in the media and the crypto sphere started to rebuke Tron’s founder, saying he had made another attempt to raise hype around his project. Though, in reality, chances are high that a simple misunderstanding took place.

However, LFC, believes Hacked, seems to be indeed curious about the nascent crypto and blockchain industry.

It is a big question, how much in reality LFC know about the aforementioned crypto exchanges and Tron but their invitations are hard to imagine a couple of years before, when these spheres were much less developed. Thus, it may well be that Liverpool FC have much more trust in these areas than before.

In 2019, football has already shown a great interest towards crypto
platforms. Or, another way of viewing it, is that crypto is entering the
football industry.

eToro and Coindeal have become sponsors of top global football clubs, such as Tottenham Hotspur and Wolverhampton Wanderers. As of late, a Scotland-based football club Ayr United spread the news of their cooperation with Bitcoin SV.

The post Tron, Binance, Kraken – Liverpool FC Tests DLT Ground, Global Football Clubs Showing Interest in Crypto appeared first on Ethereum World News.

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Rimini FC Becomes First Ever Football Club Purchased Using Cryptocurrency

Rimini FC, a team in lower tiers of Italian football, has become the first club to be purchased using cryptocurrency. This news is the latest in a series of cryptocurrency adoption cases in the football and general sporting world. Recently, a few English football teams signed a partnership with eToro to explore Bitcoin usage in facilitating player transfers.

Details of the Purchase

The purchase comes as part of the club’s investment in Quantocoin which is currently in its ICO stage. Rimini FC is participating in the Quantocoin ICO in exchange for selling 25 percent of its shares to Heritage Sports Holdings (HSH) and its partner – Quantocoin.

In a press conference announcing the deal, Giorgio Grassi, the President of the club said:

Negotiations with this group have been going on for a couple of months. Heritage Sports Holdings with its partner Quantocoin will try to bring to the team and to the city new ideas and synergies from the sporting, brand image and technological point of views. Heritage Sports Holdings’ participation is innovative in view of its crypto payment system (QTCt) and the use of blockchain technology, for which Heritage Sports Holdings is already at the forefront in other countries.

For their part, both Quantocoin and HSH aren’t strangers to the melding of cryptocurrency and football. Quantocoin investor Pablo Dana also owns Gibraltar United which recently made history as the first football club to adopt cryptocurrency as a payment means for player wages.

Cryptocurrency Adoption in Football

There appears to be an increase in the notable developments taking place at the intersection of football and cryptocurrency. Famous players and ex-players like Ronaldinho, Andres Iniesta, and Carles Puyol have either launched or endorsed cryptocurrency projects. Also, during the recently concluded FIFA World in Russia, some hotels allowed fans to pay for their accommodation using Bitcoin.

One major area of interest in the adoption of cryptocurrency is the use of the immutable blockchain technology to combat widespread corruption in the sport. In recent times, prominent heads of FIFA and UEFA have been forced to resign on charges of bribery and corruption.

Writing for Forbes, Joe Wallen reports on the sentiments of Pablo Dana concerning the use of cryptocurrency to fight corruption in the sport. According to Dana:

We are working exactly on the ideas that UEFA want to put into place. This is transparency in football and we are looking to reduce corruption through our Quantocoin platform.

Do you think cryptocurrency can eradicate the corruption that has become endemic in Football? Let us know your thoughts in the comment section below.

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