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It’s a historic day for Rimini FC 1912 as they become the first ever football team in history to be purchased by cryptocurrency!
Quantocoin, who has been using blockchain technology and crypto-payments since 2017 when fees were way too high on traditional payment methods like credit cards or Paypal due their popularity which made them expensive options at times (think groceries), now owns 25% of this Italian Serie C side.
The Gibraltar based firm bought shares through its own cryptocurrency that was created just two years ago.
The World Cup is a tournament that has been spotlighted by corruption in the past. According to Pablo Dana, Quantocoin’s partner and an expert on this topic who believes cryptocurrency offers unique opportunities for fighting against these scandals – such as when Qatar allegedly bought votes.
We are working exactly on the ideas that UEFA want to put into place. This is transparency in football and we are looking to reduce corruption through our Quantocoin platform.
Pablo Dana, partner at Quantocoin
Pablo Dana and the President of Rimini FC 1912, Giorgio Grassi, share an interest in blockchains when looking at the possibilities that cryptocurrency could bring to the world of football.
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Information is provided for educational purposes only and isn't investment advice. This article does not provide a recommendation to buy or sell any digital asset, nor is it an endorsement of particular coins/tokens by the author(s).
