Gibraltar United goes football crypto crazy

The semi-professional club’s owner, Pablo Dana, an investor in the cryptocurrency Quantocoin, previously established a sponsorship partnership. And he now says that all player contracts will include payment agreements in cryptocurrency by next season.

Also of interest: Don’t regulate technology: London FinTech Week

The Gibraltar Premier Division outfit may not at first glance seem like the most obvious entry point for cryptocurrency into the football world but, as Coin Rivet noted last week in an article about the Gibraltar Blockchain Exchange, Gibraltar was the first British jurisdiction to introduce regulations around distributed ledger technology.

And, as Dana observes, “it was the first [place that] regulated betting companies 20 years back, when everyone was seeing them as horrible. They put compliance and anti-money laundering regulations and created a platform – they have the intelligence to do the same with cryptocurrencies.”