Football club Juventus adopt crypto for players payment - page 2.

krisnajsadrak

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Quote from: Caross on March 23, 2021, 11:54:50 AM

As cryptocurrency continues to witness widespread of institutional adoption the latest is, over the weekend Juventus FC choosed to gift it player Cristiano Ronaldo 770 of it fans tokens afterhe made a career goal, this singler action have spark so many controversy over the internet as fans wonders if all other players will choose to get their payments in crypto.
What are your thoughts on this?
details of the news can be read here
https://www.givemesport.com/1663256-cristiano-ronaldo-becomes-first-footballer-rewarded-with-cryptocurrency-tokens

this is a good news, and for sure more adoptions will coming imy friend
hopefully the big name of CR7 will bring more demands in crypto world after this, because this is somekind of free promotions for crypto world
by the way, thanks for sharing

lobo13hf

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Quote from: Caross on March 23, 2021, 02:07:56 PM

Thanks for pointing that out, am still learning how the forum works any way I was afraid not to commit plagiarism by copying and pasting the link.

it's totally needed as people can visit the real news directly on the site.

BTW, it's very good to see that CR7 received its token as payment. I hope that if ronaldo will be tweeting or create a publication about that. That could help a lot for the marketing purpose for cryptocurrency.
it's not only juve coin but whole coins can be affected by this too. We know that how popular ronaldo in the world.

acdc

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I think this is more of a coin promotion than a reward.
Apparently Juventus FC had a very wise strategy to advertise this coin. Instead of spending millions of dollars to advertise the project to the public they only spend a very small amount to attract fans to this coin.

MishaSER

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Quote from: xZork on March 23, 2021, 03:43:00 PM

Quote from: Caross on March 23, 2021, 11:54:50 AM

What are your thoughts on this?

If other players are also accepting cryptocurrency payments then I think they'll choose Bitcoin or something with a large volume of transactions.
Simply put, these coins can be easily sold for cash.
Conversely, if they sell cryptocurrencies from the project of the club they are playing in, it will make it difficult for the coin itself. No one will believe in a coin that the people at the club don't want to keep either.

You are wrong if you look at the JUV token at the moment, the price is $ 14, just relatively young, but has already shown good profit. I think that the fan and the speculators will be good at promoting the project. After all, if you closely follow the JuventusFC news, you will be able to predict the price. By the way, they have 9 million subscribers on Twitter) I think this is a good advertisement.

xZork

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Quote from: Caross on March 23, 2021, 11:54:50 AM

What are your thoughts on this?

If other players are also accepting cryptocurrency payments then I think they'll choose Bitcoin or something with a large volume of transactions.
Simply put, these coins can be easily sold for cash.
Conversely, if they sell cryptocurrencies from the project of the club they are playing in, it will make it difficult for the coin itself. No one will believe in a coin that the people at the club don't want to keep either.

wxa7115

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Quote from: Saint-loup on March 23, 2021, 02:37:54 PM

Quote from: Coyster on March 23, 2021, 01:54:21 PM

OP, you should put the link to the news for users who want to read more on it, here's a link to the information in the OP: https://www.givemesport.com/1663256-cristiano-ronaldo-becomes-first-footballer-rewarded-with-cryptocurrency-tokens

Quote from: Caross on March 23, 2021, 11:54:50 AM

...this singler action have spark so many controversy over the internet as fans wonders if all other players will choose to get their payments in crypto.
What are your thoughts on this?

Tbh, I don't quite see any reason why this should spark any controversy or debate, the gesture to Ronaldo was a gift, an appreciation to mark his landmark achievement and not payment of his salary or wages, cryptocurrencies are well and truly more popular, Bitcoin at least, as people now believe more in the network, but AFAIK, I don't think footballers would fancy the idea of earning their salaries in cryptocurrencies (volatility being one reason), and it wasn't even Bitcoin that Ronaldo was given, but a mere fan token, even if they are ever to choose to be paid in crypto, it'll definitely be Bitcoin.

Yes you're right I think it's just a marketing ploy to advertise Chiliz fan tokens and their platform Socios.com. But I don't think players will accept contracts from their teams paid in cryptos, especially in fan tokens even if they seem to be tradable against BTC and USDT on Binance https://coinmarketcap.com/currencies/juventus-fan-token/markets/

Agreed this is a marketing strategy and nothing more to promote their useless tokens, why people need to use those tokens when bitcoin is available and it can be acquired almost everywhere around the world?

However we have seen some players in other professional sports being paid in bitcoin, and not a small amount but their entire salaries so I really think this is going to become a reality especially for those that are smart as they will see in bitcoin not only a valuable asset but an insurance policy in case their careers are cut short.

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Quote from: Coyster on March 23, 2021, 01:54:21 PM

OP, you should put the link to the news for users who want to read more on it, here's a link to the information in the OP: https://www.givemesport.com/1663256-cristiano-ronaldo-becomes-first-footballer-rewarded-with-cryptocurrency-tokens

Quote from: Caross on March 23, 2021, 11:54:50 AM

...this singler action have spark so many controversy over the internet as fans wonders if all other players will choose to get their payments in crypto.
What are your thoughts on this?

Tbh, I don't quite see any reason why this should spark any controversy or debate, the gesture to Ronaldo was a gift, an appreciation to mark his landmark achievement and not payment of his salary or wages, cryptocurrencies are well and truly more popular, Bitcoin at least, as people now believe more in the network, but AFAIK, I don't think footballers would fancy the idea of earning their salaries in cryptocurrencies (volatility being one reason), and it wasn't even Bitcoin that Ronaldo was given, but a mere fan token, even if they are ever to choose to be paid in crypto, it'll definitely be Bitcoin.

Yes you're right I think it's just a marketing ploy to advertise Chiliz fan tokens and their platform Socios.com. But I don't think players will accept contracts from their teams paid in cryptos, especially in fan tokens even if they seem to be tradable against BTC and USDT on Binance https://coinmarketcap.com/currencies/juventus-fan-token/markets/

tabas

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It would be a better idea if Ronaldo is a crypto guy and understands the concepts of it. In my understanding, this is like a giveaway to him and with certain small limited number, it's going to be rare in their perspective.
But it should be a better cryptocurrency if they have just given bitcoin instead if they're going to pursue crypto payments.

Caross

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Thanks for pointing that out, am still learning how the forum works any way I was afraid not to commit plagiarism by copying and pasting the link.

Coyster

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OP, you should put the link to the news for users who want to read more on it, here's a link to the information in the OP: https://www.givemesport.com/1663256-cristiano-ronaldo-becomes-first-footballer-rewarded-with-cryptocurrency-tokens

Quote from: Caross on March 23, 2021, 11:54:50 AM

...this singler action have spark so many controversy over the internet as fans wonders if all other players will choose to get their payments in crypto.
What are your thoughts on this?

Tbh, I don't quite see any reason why this should spark any controversy or debate, the gesture to Ronaldo was a gift, an appreciation to mark his landmark achievement and not payment of his salary or wages, cryptocurrencies are well and truly more popular, Bitcoin at least, as people now believe more in the network, but AFAIK, I don't think footballers would fancy the idea of earning their salaries in cryptocurrencies (volatility being one reason), and it wasn't even Bitcoin that Ronaldo was given, but a mere fan token, even if they are ever to choose to be paid in crypto, it'll definitely be Bitcoin.

Caross

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As cryptocurrency continues to witness widespread of institutional adoption the latest is, over the weekend Juventus FC choosed to gift it player Cristiano Ronaldo 770 of it fans tokens afterhe made a career goal, this singler action have spark so many controversy over the internet as fans wonders if all other players will choose to get their payments in crypto.
What are your thoughts on this?
details of the news can be read here
https://www.givemesport.com/1663256-cristiano-ronaldo-becomes-first-footballer-rewarded-with-cryptocurrency-tokens

Topic: Football club Juventus adopt crypto for players payment - page 2. (Read 227 times)