Since Gibraltar is one of the most popular jurisdictions for working with cryptocurrencies, a new financial instrument on its lands becomes a means of paying salaries.
Gib United: world’s first football club to pay players with cryptocurrency
The athletes from the local football team were the first to be paid with cryptocurrency. «Gibraltar United». This decision was made by the owner of the club, Pablo Dana, who is a popular cryptocurrency investor. His main line of investment is focused on Quantocoin..
The solution may seem unusual in terms of mixing cryptocurrencies with football. However, the region’s financial sector is among the world leaders in blockchain technological integration, demonstrating record numbers of cryptocurrency transactions..
At the first stages, it is planned to partially replace the allowance with the subsequent full transfer to payments in digital coins.
The club owner believes that by using this payment method, he can inspire others to switch to payments in cryptocurrencies, which can subsequently eliminate financial corruption in the gaming world..
Foreign players of the team will also be able to switch to a new way of receiving allowance: according to Pablo Dan, Gibraltar has all the necessary conditions to create and effectively maintain a bank account working with a new financial instrument.
On other sports-related news: Scorum blockchain platform ranked among the top 3 startups.
text: Evgeniya Likhodey, photo: Guburban United FC