The influence of increasing ecosystem of Cryptocurrency is being seen in the sports department. Gibraltar United F.C established in 1943 and the is playing in Gibraltar football league’s premier division. The club has proclaimed that they decided to pay its players with cryptocurrency.
According to the club, they achieved a sponsorship partnership with Pablo Dana, who is an investor in Quantocoin ICO. Pablo Dana said in the Newspaper Interview, “All players’ contract and payment agreement will be done by all the cryptocurrency until next session.”
The owner explained that a “preoccupation with transparency” prompted the introduction of cryptocurrency to Gibraltar United, predicting that the technology’s open-access nature could curtail the “corruption scandals that have plagued football.” With this, he said that this project will make the problems of those foreign players easier who setting up the bank account in the British overseas territory.
Dana Pablo said about the regulation that he is against money laundering, therefore, has created a platform for anti-money laundering. They suspect that the case of money laundering can come in the future, so they set up a platform to get rid of the problem of money laundering.