A new Bitcoin payment deal reached between eToro and 7 Premier League clubs

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eToro Partners With 7 Premier League Clubs for Bitcoin Payments

Author: Henrik Johanssson, editor of Norskecasino.casino news section https://norskecasino.casino/nyheter/

eToro, a global investment platform dealing with a variety of assets, has entered into a new and historic deal with seven Premier League football clubs. In the deal, the Tel Aviv – based firm will make payments to the clubs’ players in Bitcoins.

The details of the partnership

According to the deal, the seven football clubs have agreed to set up a digital wallet with eToro . The clubs are Cardiff City F.C, Leicester City F.C, Newcastle United F.C, Crystal Palace F.C, Brighton and Hove Albion F.C, Tottenham Hotspur F.C, and Southampton F.C.

In the deal which was entered with the help of sports marketing agency SportQuake, the team players of the said clubs will get payments in Bitcoins through the eToro wallets.

The deal also saw customers in the U.S gain access to cryptos on the vibrant platform for the first time.

Iqbal V. Gandham, eToro’s UK MD tweeted the news through the company’s official handle. He further added that ‘Blockchain can improve the experience for everyone who loves football.

The official press release

In the official press release, the company notes that this partnership sets an important milestone in the usage and adoption of digital assets in the football gaming industry. According to eToro, using the blockchain technology and crypto assets in sports will help solve issues of ‘transparency’ and ‘ticket touting’. It will also go a long way into guaranteeing the authenticity of merchandise.

In this new deal, eToro is set to gain international visibility through different marketing channels like player access, tickets, matchday LED boards and digital rights.

eToro has been a pioneer in the industry for years now. In 2020, the firm said its customers could buy and sell XRP, Litecoin, and Ether on its trading platform. The firm, however, did not allow customers to withdraw or deposit from their accounts.

In May 2020, the Investment-only company announced it was launching a cryptocurrency exchange with a wallet service.

The statement from the Managing Director

After the announcement, Gandham said in a statement that as a global multi-asset platform where a person can buy the world’s biggest cryptos alongside traditional investments such as stocks, eToro is excited to be entering into a partnership with the 7 clubs. This deal makes history because eToro is the first company ever to pay for a Premier League partnership using Bitcoin.

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Mr Gandham was further quoted saying the new announcement between eToro and the football clubs was just the first step toward a long road in the football fraternity to fully embracing blockchain technology.

Education will be crucial so that industries can understand the full potential of this technology. This deal which will help give eToro global exposure through the seven Premier League clubs presents a perfect opportunity for exposure and also raise awareness.

The leaders of the seven football clubs have shown optimism in entering into a partnership with eToro while adopting the upcoming innovations in technology and the global financial arena.

It should be noted though that this deal was not the first of its kind to be entered into in the football world. In July 2020, Gibraltar United announced that it would make crypto payments to its players.

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eToro Brings Bitcoin to Football – Seven Premier League Clubs Are to be Paid in Cryptocurrency in Landmark Partnership Deals

Global investment platform eToro has launched partnerships with seven Premier League clubs including Tottenham Hotspur in landmark deals paid using bitcoin. eToro will partner with Brighton & Hove Albion F.C., Cardiff City F.C., Crystal Palace F.C., Leicester City F.C., Newcastle United F.C., Southampton F.C., and Tottenham Hotspur.

Iqbal V. Gandham, UK Managing Director at eToro said: “As a global multi-asset platform where you can purchase the world’s biggest crypto assets alongside more traditional investments, we are excited to be partnering with so many Premier League clubs and make history by being the first company ever to pay for a Premier League partnership in bitcoin.”

These partnerships mark the first step in bringing the opportunity offered by bitcoin and cryptoassets to football. eToro believes that crypto, and the technology, namely blockchain that underpins it, can improve football and the world of sports. In the future, this could include addressing issues of ticket touting, problems with transparency, and providing a guarantee of authenticity for merchandise.

As a partner of these seven Premier League clubs, eToro will gain global exposure through an extensive range of marketing opportunities including matchday LED boards, player access, tickets and digital rights.

Iqbal V. Gandham added: “Today’s announcement is the first small step on a long road to football fully embracing blockchain technology. Education will be key so that industries can understand the potential and so getting global exposure through these Premier League clubs represents a great opportunity to raise awareness.

Blockchain brings transparency, which means it can improve the experience for everyone who loves the ‘beautiful game’.”

Fran Jones, Head of Partnerships, Tottenham Hotspur F.C. said: “At Tottenham Hotspur, we are committed to technology and innovation and as such we’re excited to welcome eToro as a partner in a category that is developing at a rapid rate.”

Paul Barber, Chief Executive, Brighton & Hove Albion F.C. said: “At Brighton, we pride ourselves in being at the forefront of bringing new technologies and new ideas to football. We’re excited to welcome eToro as a partner that can help us better understand the true potential offered by blockchain.”

Barry Webber, Commercial Director, Crystal Palace F.C. said: “Blockchain technology is bringing exciting new opportunities to all areas of business sectors and we are delighted to welcome eToro as a partner so we can explore its potential in football.”

Jonathan Gregory, Commercial Director, Leicester City F.C. said: “We are pleased to welcome eToro to the Club as an Official Partner, it is exciting to be working with such an innovative industry leader. Much like Leicester City, eToro is an ambitious brand with a significant global reach and we look forward to working together throughout the season.”

David Thomas, Commercial Director, Southampton F.C. said: “We are extremely pleased to be welcoming eToro as a club partner. We look forward to working with them and learning more about the potential that cryptocurrency and blockchain technology can have in football.”

As a global multi-asset platform, eToro empowers people to invest by giving them access to the financial instruments they want. The company has created a global community of more than ten million registered users who share their investment strategies and anyone can follow the approaches of those who have been the most successful. With eToro, investors can hold commodities, stocks, ETFs and of course cryptoassets such as Bitcoin and Ethereum, alongside thousands of other financial instruments all in one portfolio. In this way, eToro provides a bridge between the old world and the new. eToro believes that in the future all assets will be tokenised and crypto is the first step in this journey.

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