Another football team joins the crypto family in after the Atletico Mineiro, a Brazilian football club decided to launch a crypto token for their fans named Galo Coins. In today’s altcoin news we take a closer look at their idea.
Over the past two years, the relationship between the crypto industry and the football clubs has grown incredibly and many others are considering crypto as a way to gain wider traction and recognition.
Atletico Mineiro is a part of the Brazilian Premiere League and they decided to create their own token named Galo Coins which will be a token for their fans which can be used to buy tickets and merchandise but will also allow their fans to use the token as a discount token.
It is an extremely simple coin which is a great idea to attract new crypto users. The token is priced just as the Brazilian Real currency is, but fans need to buy 50 Galo Coins to be able to use the tokens. This token allows the users to exchange Galo Coins for Ethereum tokens. Other football clubs have already used the same concept such as Paris Saint Germain.
Football and cryptocurrency go pretty well together. Many football legends such as Ronaldinho have already created their own crypto coins. Other players that have done the same are Michael Owen, Didier Drogba, Luis Figo, and Lionel Messi.
Earlier this year, Gibraltar United became the first teams in the world to pay their players in crypto. Crypto can change the entire way of how fans buy tickets and football merchandise and we can only wait and see how Atletico Mineiro will do in the future.
IBM And Stellar Partnership In Jeopardy Amid Exec Disruption
South American Online Marketplace Works With Facebook On Its Crypto Project
Gold-Backed Russian Crypto Could Crush The USD Standard
“As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”Nabuilna explained that CBR is still unsure whether to use cryptocurrencies and how they could be launch into Russia’s monetary system but the idea of a zero-volatility digital asset is inviting:
“The CBR, in principle, is opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies fulfill the function of monetary surrogates. We have prepared an analytical report and will soon present it which will analyze what cryptocurrency is, what is happening in the world, what approaches different countries to have, and what regulation is envisaged. And, if the phenomenon of cryptocurrency in any perspective may cause risks to our macroeconomic stability, we need to understand that.”As noted in one of the best cryptocurrency sites, Russia is under significant economic sanction from the United States.
Crypto Trading In The US Becomes A Nightmare, What’s The Solution?
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Regulation5 days ago
Financial Action Task Force Wants To Turn BTC Exchanges Into Banks
Ethereum News2 days ago
Ethereum Will Skyrocket By 70% Against BTC: Analyst Prediction
Bitcoin News3 days ago
Bitcoin Tax Evasion Will Be Criminally Punishable: IRS Warns
Bitcoin News3 days ago
Weiss Ratings Upgrades Bitcoin From B- To B: Report
Altcoin News4 days ago
Bitcoin Wraps Around $8,200: Consolidation Could Happen Soon
Altcoin News1 day ago
Hottest Cryptocurrency Is Up 330% This Year (And It’s Not Bitcoin)
Bitcoin News4 days ago
Call Center Scam From India Steals $1.7 Million In Bitcoin
Blockchain News5 days ago
Erik Finman Will Bring Crypto To The Masses With The Help Of CoinBits