Portugal: football club is planning to ICO for debt reduction
Home News Portugal football club is planning to ICO for debt reduction
Matthias Nemack –
The Portuguese Association of SCP is not the first Club that recognizes the Blockchain and crypto-Coins as an opportunity. So far, however, it were mainly the larger clubs, which provided with their own currencies for attention in the market. The Association has made an Association request to the implementation of the ICO.
Big names in the industry have announced their own measures
A whole series of international football teams has currencies now with the issue of Crypto and the possibilities of its own, ICOs is concerned. And for some time some of the Stars already at least partially in Coins to pay. An example of our reporting Gibraltar United, where you would like to transfer from 2019 salaries in digital currencies was in August already. Set a good example, Paris St. Germain went through his accession to the Socios network from the summer of this year. In addition, PSG itself seems to work now on a club’s own currency, which will soon make Bitcoin or Ripple competition – at least within the world of Sports and the Fans, when it comes to the person in charge.
Crypto-currencies soon capture the world of sport?
In the case of the club Sporting Clube de Portugal, although it is a local size, however, the message from the media in Portugal is interesting. Because, once again, shows that Initial Coin Offerings can not only be used as a pure high-risk object of speculation. The said Club is now dependent, however, on the Okay of the Association. There, again, it deals according to his own statement, already with ICOs and is shown quite openly for the technical options, the digital currencies for the sport can offer sector.
SCP would like to obtain, by means of the ICO in the first step, the money for the repayment of a in a timely manner due bonds to its investors. The concept can work, but also fail. What is crucial is the openness, the will to Unite more and more recognizable.