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Topic: [28-07-2018]Football Club Hamburger SV Partners with Cryptocurrency Company NAGA (Read 120 times)

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Gibraltar United to Become First Football Club to Pay Players In Cryptocurrency


Gibraltar United, a Premium Division football team, will become the first football team to pay its players in cryptocurrency next season, according to The Guardian. Team owner Pablo Dana, who has invested in Quantocoin, a platform designed to provide cryptocurrencies for everyday uses, has started a sponsorship partnership, one of several instances of football teams and athletes finding use for cryptocurrencies.

Gibraltar’s financial sector has embraced blockchain technology and is leading the state in its adoption. In January, the government introduced regulations for businesses using blockchain technology. The government also plans to introduce a regulatory framework for ICOs.
https://www.ccn.com/gibraltar-united-to-become-first-football-club-to-pay-players-in-cryptocurrency/
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The creator of NAGA Coin (NAGA) a listed financial company and FinTech with a focus on social trading, virtual goods, and cryptocurrencies has announced the support of football club Hamburger SV for the upcoming 2018-2019 season in Bundesliga.

NAGA is a company based in Hamburg, but claims to be “globally oriented”. Its website states that NGC, the NAGA Coin, is a “decentralized cryptocurrency for trading and investing in financial markets, virtual goods, and cryptocurrencies”.

According to the partnership, the NAGA’s cryptocurrency ecosystem will be promoted throughout the perimeter of the stadium, a common place for publicity. In addition, NAGA will become a goal and statistics partner and will have its logo on the scoreboard and in the media of the football club.

HSV is one of the most popular clubs in Germany, even though it failed to remain in Bundesliga based on the results of the previous season. The fintech company will act as a special partner of the football club and will benefit from a comprehensive presence at the HSV’s Volksparkstadion arena.

Frank Wettstein, CFO of HSV Fußball AG, views the new support positively:

“We are very pleased to have such an innovative partner as the NAGA...

Read More: https://news.bitzamp.com/football-club-hamburger-sv-partners-with-cryptocurrency-company-naga/
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