BtcTurk signs sponsorship deal with football club Yeni Malatyaspor in Turkey

[Btcturk.com]

BtcTurk, Turkey's leading Bitcoin and cryptocurrency exchange, signed sponsorship deal naming the club "BtcTurk Yeni Malatyaspor" for the 2019–2020 Süper Lig Cemil Usta Season.



BtcTurk and Yeni Malatyaspor's agreement is the first professional sports club sponsorship deal in the world with such a scope for a cryptocurrency exchange platform. The agreement contains name sponsorship and Yeni Malatyaspor will compete under the name BtcTurk Yeni Malatyaspor. Furthermore, BtcTurk Yeni Malatyaspor will carry BtcTurk logo on their jersey for the 2019–2020 season. The club may receive up to 7.5 mn TL fee based on performance.

BtcTurk CEO Özgür Güneri stated that BtcTurk is proud to add another milestone to the evolution of crypto currency industry globally as they did in the past with the first Bitcoin/Turkish Lira trade in history, and said, "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. We believe in the future of Turkish sports and football and aim invest more in the forthcoming years. With this agreement, we have taken a significant step to increase awareness towards Bitcoin and contribute to healthy growth of cryptocurrency industry in Turkey as well. BtcTurk Yeni Malatyaspor will provide a significant momentum to such vision through its contributions it will make to Turkey Super League. I would like to thank Mr. Adil Gevrek and BtcTurk Yeni Malatyaspor Management for their support and contribution to such a unique sponsorship deal."

In his statement, Adil Gevrek, President of BtcTurk Yeni Malatyaspor Club, said, "We believe BtcTurk, the leading institution in the cryptocurrency industry in our country, sponsorship deal is very valuable for Turkish Football. We are proud of collaborating with BtcTurk, a company with such a vision. I am sure that this deal will bring significant momentum to our team and to Turkish Football this season."

About BtcTurk
BtcTurk.com, Turkey’s largest cryptocurrency exchange platform founded by Kerem Tibuk in 2013 and operating under CEO Özgür Güneri, is providing services as Turkey’s first and the world’s fourth cryptocurrency exchange platform. BtcTurk that mediated the first Bitcoin exchange on July 1st, 2013, has over 90 employees. Being managed by Eliptik Yazılım ve Ticaret A.Ş., BtcTurk provides 7/24 services to more than 650 thousands users.

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[hugeblack]

Is this related to the decline of the Turkish lira and economic problems? I mean the platform has been operating since 2013.
This morning I saw an announcement for that site at Istanbul Stadium. I thought it was photoshop but it is related to this deal.

The club may receive up to 7.5 mn TL fee based on performance.

The strange thing is that it is a platform for cryptocurrencies and yet the payment is in the local currency, I wish the deal would be in Bitcoins.

[onurgozupek]

Is this related to the decline of the Turkish lira and economic problems? I mean the platform has been operating since 2013.

This is not related to the economical problems.

This morning I saw an announcement for that site at Istanbul Stadium. I thought it was photoshop but it is related to this deal.

Yes, that was a real photo from the Sukru Saracoglu Stadium that belongs to Fenerbahce football team.

The strange thing is that it is a platform for cryptocurrencies and yet the payment is in the local currency, I wish the deal would be in Bitcoins.

Yes, indeed. If Bitcoin was accepted legally, it would be great to pay in Bitcoins This sponsorship is a step to go to mass to legalize Bitcoin in Turkey.

[mindrust]

It is a lot related to the financial problems in Turkey actually.

And that's how I use bitcoin. You'll never know what'll happen tomorrow in Turkey. You don't know  what you will be waking up to in the morning.

Having bitcoins is a hedge against this unpredictability.

I have more confidence in bitcoin than what I have in TRY and the Government. I am pretty sure Bitcoin will be functioning tomorrow. Not sure about the country.

[buwaytress]

Yet another football club having a Bitcoin company as sponsor. We've seen exchanges and sportsbetting sites now in the past two years. Who knows, only a matter of time before other crypto industries make an appearance. Mining? Media? R&D?

And I agree. It is somewhat related to what's going on in Turkey. Any Turk living abroad now and getting your bank account or Revolut suddenly blocked for arbitrary reasons, or sending money abroad and knows the pain of a devaluing currency, will probably have heard of Bitcoin by now.

[NeuroticFish]

The strange thing is that it is a platform for cryptocurrencies and yet the payment is in the local currency, I wish the deal would be in Bitcoins.

Yes, indeed. If Bitcoin was accepted legally, it would be great to pay in Bitcoins This sponsorship is a step to go to mass to legalize Bitcoin in Turkey.

With or without being paid in Bitcoin, this sponsorship is a good step forward. In a country with quite an inflation, showing Bitcoin can do wonders for awareness (and maybe acceptance too, and then it'll be also paid in Bitcoin).
My wish would have been to put the Bitcoin name and/or sign there clearly, since many may not know what "btc" means.

[mk4]

This actually matters a lot. I usually wouldn't say this for these kinds of sponsorships, but this is different as citizens of Turkey are actually not allowed to use PayPal[1]; hence I think it's safe to say that there's a better chance of the Turkish people to actually try this out vs if tBtcTurk was advertised in some other country like the United States.

[1] https://techcrunch.com/2016/05/31/paypal-to-halt-operations-in-turkey-after-losing-license-impacts-hundreds-of-thousands/

[antisocial77]

I like that as a citizen of Turkey.i also saw advertisements on Turkish super league.everytng is fine and i appreciate except your commissions.

[muslol67]

And I want to add it as an important reminder. This is the first major ad BTC in Turkey.

Turkey is a city that lives through football. Women, men, children, elderly ... There is a very large mass. And now we see BTCTurk commercials in every football competition. For example, BTCTurk advertisements were frequently shown on the billboards in the stadium during the match between two big teams last night.

I think it's a big step.

[Slow death]

this is a big step in exposing bitcoin to more people in turkey, but there's still no question how the turkish government looks at bitcoin, i don't know how the turkish government's relationship with bitcoin is because i don't live in turkey but According to this news I read a few months ago:

“We are planning to start our own work on digital currencies. We place high importance on digitalization.”

Some in the government, however, reportedly remain skeptical toward cryptocurrencies at large, with several ministers comparing such projects to pyramid schemes.

Source: https://cointelegraph.com/news/turkey-puts-central-bank-digital-currency-on-new-economic-roadmap

I wonder how the Turkish government will see initiative like these

[onurgozupek]

this is a big step in exposing bitcoin to more people in turkey, but there's still no question how the turkish government looks at bitcoin, i don't know how the turkish government's relationship with bitcoin is because i don't live in turkey but According to this news I read a few months ago:

Government is still acting like CIA: Neither accepting Bitcoin, nor denying it On the other hand there are organizations working for the possible regulation advices. Like BtcTurk, exchanges and service provides work hard to go mass to tell Bitcoin is not something illegal but it's like a digital money, just better than you are keeping in your pocket.

“We are planning to start our own work on digital currencies. We place high importance on digitalization.”

Some in the government, however, reportedly remain skeptical toward cryptocurrencies at large, with several ministers comparing such projects to pyramid schemes.

Source: https://cointelegraph.com/news/turkey-puts-central-bank-digital-currency-on-new-economic-roadmap

I wonder how the Turkish government will see initiative like these

Indeed, they some saw the advantages of cryptocurrencies but not as we expect. They have focused on the technology. But, yes, it's a step which will help for a big jump in the near future.