Football making use of crypto could boost cryptocurrency confidence.

 

Last week, the football world was shattered as Lionel Messi left his home club, Barcelona FC, after being with the club for 17 years to join PSG (Paris-Saint Germain).  He links up with long-time friend Neymar at the Parisian club; this is what football fans have been dreaming about since Neymar left Barca.

 

Messi penned a two-year deal with the French club last week as a free agent. His met salary is $41 million-plus bonuses (R611 000 000). The exciting part of his package is that it includes the cryptocurrency “PSG Fan Tokens”. PSG claim that the idea to pay Messi with crypto positions as the “most innovative and avant-garde brands in the sport globally. 

 

 

Since Messi was linked to the club, the price of the PSG crypto doubled in value within a week. These crypto coins work like stocks and react to positive and negative news regarding the club’s financial and company structure. However, it is way more volatile and very reactive to news.

 

“Fan Tokens and Socios.com play an increasingly prominent role across sport at the very highest level,” said Alexandre Dreyfus, CEO of Socios.com, in a statement.

 

Do you think that using cryptocurrencies to pay sports players would allow clubs to lower costs? Would it make the wages fairer? Or would it make it unfair if one fan token outperforms the others?

 

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