Gibraltar United has made plans to include cryptocurrency as a payment option for its players next season. This is in a bid to encourage transparency in the football industry. Sources claimed that the club which was founded in 1943 has struck a sponsorship deal with the help of Pablo Dana, the club owner, and a Quantocoin ICO investor.

Cryptocurrency Payment Agreement

While addressing a media outlet, Dana stated that by the coming season, all the contracts of its players will contain cryptocurrency payment agreements. According to Dana, the introduction of cryptocurrency to the football club’s payment system is based on a major preoccupation with transparency. He also predicted that the transparent nature of the cryptocurrency system could help reduce the corruption scandals present in the football industry.

In addition, the introduction of cryptocurrency as a payment means has allegedly made things easier for foreign players who sometimes encounter difficulty in setting up effective bank accounts in the territory.

Source of info: https://coinpedia.org/news/gibraltar-united-f-c-introducing-cryptocurrency-payment/