In addition to being a means of payment, Cryptocurrency is also rumored to be able to make clubs reap more profits. Technological developments will of course have an effect on football, such as VAR which has only been used in recent years.
Apart from that, there are many other technological developments that help clubs in their off-field affairs. Starting from the era of facsimile machines to send files until now there is such a thing as email, even in financial matters it is also undergoing updates.
Currently the world is busy talking about Cryptocurrencies, and many feel that this technology will enter football and can help and even benefit a club.
Daniel Taylor, a former player of the Greek League's second division club Acharnaikos FC, who serves as CEO and co-founder of Blocside, one of the startups engaged in the cryptocurrency sector, once revealed the advantages of using this technology.
According to him, it can help a club in matters of buying and selling players, even informing anyone about the transparency of a club or football federation.
“Blockchain can guarantee transfers and contracts are paid on time and all parties are entitled to it,” said Taylor.
"This can also remove corruption within FIFA because this technology ensures transparency of all transactions."
"The advantages of using MVP [token] over credit cards are lower transaction fees and faster transaction times."
Last year, former Real Madrid B player David Barral became the first footballer to be bought using Bitcoin payments. Spanish club Dux International announced the news via their social media: "He is the first signing in history to use cryptocurrency."
"Thanks to Criptan, our new sponsor, for making this transfer possible."