Turkish Bitcoin exchange BTC Turk is the first exchange in the country to have made a partnership with a football club as a new sponsor and we are reading in the coming altcoin news below.
As other blockchain news continues to make progress in the sporting arena, Yeni Malatyaspor is the latest of the clubs to have made a new partnership with a bitcoin exchange. As revealed on Reddit the Turkish Bitcoin exchange signed the sponsorship contract with the club that will feature the logo on the team kit for the next season. Last week as well, the English premier league champions Manchester City unveiled their own blockchain partnership. The move by Yeni Malatyaspor suggests that the high-profile teams even not involved with football, are realizing that the benefits are of cryptocurrencies are far greater. The sponsorship is the first of this kind between a bitcoin exchange and a professional sports club.
Another Reddit user also confirmed there was a collaboration after spotting the BTC Turk banner at the Sunday’s game between Yeni Malatyaspor and Alanyaspor. The deal will boost the BTCTurk and Bitcoin presence as football is a sport that is the most popular sport in the country.
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The BTC Turk CEO Ozgur Guneri had the next thing to say:
“And now, we are excited to make another breakthrough in our country and in the world, bringing Yeni Malatyaspor, one of the successful clubs in Turkey Super League and BtcTurk together. With this agreement, we have taken a significant step to increase awareness towards Bitcoin and contribute to the healthy growth of the cryptocurrency industry in Turkey as well.”
Bitcoin still remains a popular choice for the citizens of Turkey because of the number of negative factors affecting the local economy. The Geo-political situation and inflation rate which hovers around 17% is still driving the citizens into Bitcoin and other crypto-assets. The Turkish Lira has dropped again as the global financial crisis is going deeper and at one point the local currency lost more than half of its value. BTC Turk is well-positioned to help the citizens and the company became the first company to offer services with the Lira in the country as per the reports in the latest cryptocurrency news previously.
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