La Liga football club Espanyol announced it will accept crypto payments starting next season, in a sponsorship agreement signed with iGaming Token Crypto Snack on Monday. The deal makes Espanyol Spain’s first club to accept payments in crypto currencies.
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The agreement allows for acceptance of payments in a range of cryptocurrencies including Bitcoin, Ethereum and SNACK in Espanyol’s RCDE Stadium in Barcelona for a period of three years. The deal also includes the featuring of Crypto Snack logo on the club team’s jersey.
Antoni Alegre, the club’s marketing director, said, “We signed an agreement for the remainder of the season and three more years that includes the presence of Crypto Snack in the training shirt and in the first team shorts. We are an enterprising club and we want to be a meeting point for the blockchain sector.”
Mao Ye Wu, the club’s chief executive officer, said they are working towards using cryptocurrencies can be used as a payment method in the stadium next season. “We value all the good that technology brings us to the world of football.”
Stuart Morrison, chief executive officer of Crypto Snacks, said Espanyol was the perfect partner. “We are very happy to be here and to sign the first agreement in the sector in La Liga. We want to work and grow together.”
The partnership reflects increasing adoption of cryptocurrency and blockchain applications in the sports industry not just in Europe but across the world. From sports-based NFTs to fantasy gaming to ticket payments, the usage of crypto continues to expand.
The SNACK token saw a significant jump in its price in the last 1 week. The price took a 90.1% jump over the last week, with a trading volume of $1,922,431.
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