Bitcoin Begins to Be Used in the Football Industry

[Ryan Dugan]

I am not really a fan of sports, however many are. Football is especially popular and people are passionate about it. It is an untapped market. If you could get sportsmen and women along with a cryptocurrency then you could really create a difference. There have been other projects that have tried the same but failed. I think bitcoin would do better but there needs to be a very good marketing team for introducing fans to cryptocurrencies.

[bhabygrim]

Another industry that have recognize the crypto and making it's move to create some noise for crypto.
It is always great to have a new industry to use crypto and I think in the future we would see more company and other industry follow the same path .
I think soon enough we would see it getting accepted by every company and be used by everyone.

[Adriano2010]

Is a good news for fun of sports who want to go to see live match and for this who have crypto and they can buy tickets or maybe also t-shirts if the management will let buy with crypto.

[unusualfacts30]

It is SL Benfica, a Portuguese soccer giant who has decided to accept payments using bitcoin (BTC) in each transaction. In addition to BTC, fans can buy tickets, t-shirts, and all club accessories using special tokens named Ether (ETH) or UTK. The historic decision was announced by Benfica through the club's official website some time ago.
To help realize this plan, Benfica has partnered with a company called Utrust which later acted as a money changer and was tasked with exchanging crypto money from fans to conventional money instantly. Thus, it is expected that the club can mitigate the potential for price reductions that could occur due to the relatively high volatility of the crypto exchange rate in the spot market.

may be it's just sponsored but nonetheless it is a great news and it will bring more visibility towards bitcoin. Being in the sports is huge since you can easily get to millions of people and it would further push legitimacy of bitcoin.

[Vinalians]

Yup, that is correct they are the only one who accepts bitcoin and other altcoins in the football industry which is a big thing to all of us right. Having those sponsorships from cryptocurrency is a big thing. Adoption really happens right? What is the next step of crypto, I can't wait to see. I guess it is just the beginning of adoption. I hope the world will fully accept crypto.

[xsantana]

Thus, it is expected that the club can mitigate the potential for price reductions that could occur due to the relatively high volatility of the crypto exchange rate in the spot market.
With the support of many parties to be able to start using crypto assets. With a support base of up to seven million supporters on social media, we also want to accommodate that by starting to adopt the use of crypto currencies

[auntyjmary]

This is a good move by Benifica, at least it is an avenue to maximize revenue from their supporters. I believe soccer is a popular sports across the globe hence a good way to promote cryptocurrencies to many people all over the world.

[jademaxsuy]

This is not new and besides there are other altcoins also promoting a football game betting platform. But of course it is still bitcoin that matter most compared to altcoins. I just wish that football community will help cryptocurrency to grow more by utilizing bitcoin and other altcoin in the crypto market for football game betting, buying football game tickets and other sougviners for football.

[D3m1r4wanti]

now there are indeed many soccer clubs that work with the cryptocurrency industry, such as Arsenal, Juventus and others, so I was not surprised by the news provided by the OP

[luigi3]

It was a good news for us that there are kind of sports that totally accepted bitcoin and now they can easily buy some accessories by the use of bitcoin and im sure it has a big impact for us that soccer community now will know bitcoin and also cryptocurrencies.

[kryptqnick]

It is SL Benfica, a Portuguese soccer giant who has decided to accept payments using bitcoin (BTC) in each transaction. In addition to BTC, fans can buy tickets, t-shirts, and all club accessories using special tokens named Ether (ETH) or UTK. The historic decision was announced by Benfica through the club's official website some time ago.
To help realize this plan, Benfica has partnered with a company called Utrust which later acted as a money changer and was tasked with exchanging crypto money from fans to conventional money instantly. Thus, it is expected that the club can mitigate the potential for price reductions that could occur due to the relatively high volatility of the crypto exchange rate in the spot market.

Great news! Always nice to see more and more people being able to use Bitcoin. And the diversity of the companies matters as well, because it shows that Bitcoin is not restricted in terms of use cases much. I remember an experiment with using Blockchain for purchasing tickets for sports games. The point of using Blockchain for that is to ensure there are no fake tickets. I wonder whether this company will stop on cryptos or will explore other use cases of Blockchain technology.

[XCANA]

It was a good news for us that there are kind of sports that totally accepted bitcoin and now they can easily buy some accessories by the use of bitcoin and im sure it has a big impact for us that soccer community now will know bitcoin and also cryptocurrencies.

Not necessarily be use in buying of accessories but can be use for the payment of players transfers from one football club to another. This move is pretty much positive as the soccer platform look great if they actually will adopt the cryptocurrency into their system.   

[cabron]

If the Engeritoken can do that, why not couldn't other token do that as well. Sponsoring will cost but advertising is always been part of anything to make it known. BTC and ETH is already popular but yes the popularity of BTC and ETH will bring all crypto to life. Few months also, LTC logo were seen on the MMA cage, of course they sponsor the fight.

[Reid]

I think not only that, crypto has been used for a long time in football, as happened to the Juventus team last year, they supported and partnered with several companies engaged in crypto.
https://www.juventus.com/en/news/news/2018/juventus-announce-partnership-with-blockchain-platform-socios-com-to-launch-fan-token.php

And I think not only in crypto football developing, so far I have seen many other sports teams participating in crypto. Oh yes I have several news references that you can read.

1. LA Kings Confirm Release of Blockchain Merchandise Authenticator
2. Los Angeles Dodgers Baseball Team to Hold Giveaway of Player Crypto Tokens via ETH
3. NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises

So, it wouldn't be a surprise anymore. Thanks to this.

Looks like football is one of the good target for marketing crypto currencies.
But yet, there are still other tokens related to them or should I say the one who really pushed into using bitcoin and ethereum plus their token. Just like this, where UTK is also added.

I want to see a better one where it is only bitcoin and Ethereum which will be accepted. That will be a good jump into making more people realize that something is being brewed in the internet which uses a better payment option rather than the traditional credit cards.

[arpon11]

It is SL Benfica, a Portuguese soccer giant who has decided to accept payments using bitcoin (BTC) in each transaction. In addition to BTC, fans can buy tickets, t-shirts, and all club accessories using special tokens named Ether (ETH) or UTK. The historic decision was announced by Benfica through the club's official website some time ago.
To help realize this plan, Benfica has partnered with a company called Utrust which later acted as a money changer and was tasked with exchanging crypto money from fans to conventional money instantly. Thus, it is expected that the club can mitigate the potential for price reductions that could occur due to the relatively high volatility of the crypto exchange rate in the spot market.

Thank you sir for making this information available to us. I am always happy whenever I do hear good news especially the news that deals with acceptability or adopting of bitcoin or any of the altcoins by the general public. This "Portuguese's soccer gaint" has really done great things by deciding to pay through bitcoin and I do believed that other soccers will start to used bitcoin and Cryptocurrency. This is a sign that bitcoin will resolve some of the transactions problems we are having and other coins are going to complement this great discovery.

[Naginiya]

It is SL Benfica, a Portuguese soccer giant who has decided to accept payments using bitcoin (BTC) in each transaction. In addition to BTC, fans can buy tickets, t-shirts, and all club accessories using special tokens named Ether (ETH) or UTK. The historic decision was announced by Benfica through the club's official website some time ago.
To help realize this plan, Benfica has partnered with a company called Utrust which later acted as a money changer and was tasked with exchanging crypto money from fans to conventional money instantly. Thus, it is expected that the club can mitigate the potential for price reductions that could occur due to the relatively high volatility of the crypto exchange rate in the spot market.

Wow.great move by soccer giant. Crypto and soccer will be good combination in future.Imagine what will can do.Still in 1st step for using cryptos in soccer.But with a good plan soccer industry can reach to moon.When biggest show comng by every 4 years of gap.Imagine how many transaction will happen since day they announce the day of beginning.Then the cryptos will come in handy.

[clair508]

I think not only that, crypto has been used for a long time in football, as happened to the Juventus team last year, they supported and partnered with several companies engaged in crypto.
https://www.juventus.com/en/news/news/2018/juventus-announce-partnership-with-blockchain-platform-socios-com-to-launch-fan-token.php

And I think not only in crypto football developing, so far I have seen many other sports teams participating in crypto. Oh yes I have several news references that you can read.

1. LA Kings Confirm Release of Blockchain Merchandise Authenticator
2. Los Angeles Dodgers Baseball Team to Hold Giveaway of Player Crypto Tokens via ETH
3. NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises

WoW.So thats mean it just not a useless rumors .Its worth that.Soccer industry reach for crypto. No money counting times,high customer satisfaction and much more more benefits can get when using cryptos. May be they have introduce a coin for that too."Soccer coin" may be .Easy to pay easy to have.If not they have to add both bitcoin and ETH for transaction.

[Pumared]

Why did they accept this random token(EnergiToken) as payment though? Now it just looks like a sponsor, pretty much like how PornHub accepted Verge(XVG).

EDIT: Nvm. They accepted UTK not ETK. And yes, confirmed it's sponsored.

Source: https://www.coindesk.com/s-l-benfica-is-the-first-major-european-football-club-to-accept-cryptocurrency

They accept these bad coins for simply paying more. What moves them is money, if you doubt was paid a "fee" to be able to say that.

[syaripudin]

gradually cryptocurrency will be widely known by everyone even though there are still many lay people who do not know how it works but at least cryptocurrency support has been popularized by various world soccer clubs, this can have a positive impact on the growth of cryptocurrency users in the future

[Pumared]

gradually cryptocurrency will be widely known by everyone even though there are still many lay people who do not know how it works but at least cryptocurrency support has been popularized by various world soccer clubs, this can have a positive impact on the growth of cryptocurrency users in the future

Even if this growth is wrong. Since this type of personnel would hardly remain in the world of the cryptos. I still believe that we need more than these sponsorships, which for me is something quite forced.