Football fans worldwide have long shown their love for Real Madrid FC. The team now has a new crypto trading fan base. According to BanklessTimes, 41% of crypto traders declared support for Los Blancos, making it the most supported football club by crypto fans.
Jonathan Merry, the CEO of BanklessTimes, commented on the report, he said Football clubs worldwide are embracing cryptocurrency and its underlying blockchain technology to move from traditional operations to digital ones. Cryptocurrency enables teams to drive engagement with fans, streamline team operations and create new revenue streams that would have been impossible without the technology.
Innovative Way to Experience Football
Football clubs now leverage cryptocurrency to provide fans with unique experiences and rewards. From a fan perspective, this means they can now access exclusive merchandise and tickets. Additionally, they can vote for team decisions directly or indirectly using the tokenized economy.
The ability to execute smart contracts between clubs and third-party providers is another advantage cryptocurrency brings to the table. This allows clubs to sign and manage contracts more quickly, securely, and cheaply than ever before.
Lastly, tokenization also provides a way for fans to invest directly in their favorite teams or players by buying ownership tokens of the team. These tokens typically hold an intrinsic financial value that fluctuates with market conditions, providing fans with an opportunity to monetize their fandom and become stakeholders of the team they support.
Football clubs accept crypto payments
Some football clubs are already accepting crypto payments, for example, Oxford City FC. This is a huge step forward for the adoption of cryptocurrency.
Football clubs are some of the most popular organizations in the world. They have millions of fans worldwide. Accepting crypto payments shows that they are open to new technologies and willing to embrace the future.
The fact that crypto traders have declared their support for Real Madrid FC shows the growing connection between football and cryptocurrency. As more clubs begin to use blockchain technology, it will become even easier for fans to engage with their favorite teams and players using cryptocurrency.
Source: BanklessTimes
