Bitcoin

In a First, Harunustaspor FC Sign Player by Paying Transfer Fees in Bitcoin

While buying your favorite Starbucks coffee using Bitcoin is still far-fetched there’s big news emerging from the small town of Sakarya, Turkey. Any football fanatic will tell you how crazy a transfer window can be and the January window has had its fair share of surprises as well.

In a first time ever, amateur football club Harunustaspor, currently playing in the First Division Group B claims to have set a new record by signing 22-year-old Omar Faruk for Bitcoin, yep you heard it right, for Bitcoin.

Harunustaspor Sign Omar Faruk for Bitcoin

As part of the deal, a part of his transfer fees was paid in bitcoin (i.e. about 0.0524 BTC) while the rest of it was paid in cash amounting to about 2,500 in Turkish Lira

“We did it to make a name for ourselves in the country and the world… We are proud of this.” Said the club chairman 

And speaking of being the first player to be part of cryptocurrency based football transfer Faruk further added:

“This is a first for me and for the world, as my chairman said, we are doing something new”

Not the first Crypto-Sport Collaboration

While this is the first transfer it isn’t the first time a sports team has collaborated using cryptocurrency.

EPL giants Arsenal recently announced of their deal with CashBet, a blockchain based betting platform. Also, Floyd ‘Money’ Mayweather has been known to promote ICO’s in the past.

Apart from that, Bitcoin Suisse agreed on a 3-year sponsorship deal with Rungsted Seier’s star player in Bitcoin.

And if you’re a Dallas Mavericks fan with bitcoin to spend there’s more good news. Earlier this year their owner Mark Cuban announced via his Twitter account that fans can purchase tickets using Bitcoin.

Turkish Governments Stance on Bitcoin

The crypto market has been on a downtrend in recent times with bans and tighter regulations resulting in panic selling across the globe and Turkey too remains coy on Bitcoin.

In 2017, the Turkey government warned their citizens of investing in Bitcoin calling it ‘unsuitable for Muslims’ since they can’t exert full control over its use due to the decentralized nature of cryptocurrencies.

With the sporting world embracing crypto and blockchain do you think more bitcoin-related football transfers and sponsorship deals will take place? Or will the latest ban cause a further collapse?

About the author

subhash

With over three years of experience in the field of cryptocurrencies, Subhash decided to put his knowledge and experience in front of thousands of people though Tokenradar24. You can connect with Subhash on LinkedIn and Twitter.

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