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.