Lionel Messi Will Received Around 30 Million Euros Worth Of Cryptocurrency From Fan Tokens As Part Of The PSG Fee

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Lionel Messi Will Received Around 30 Million Euros Worth Of Cryptocurrency From Fan Tokens As Part Of The PSG Fee

It has been revealed that Lionel Messi will receive a form of 'fan' cryptocurrency as part of his deal to join French champions Paris St Germain.


The Argentine footballer, 34, has moved to the club after spending decades with Spanish side Barcelona. His contract will run for two years.


Fan tokens are a form of cryptocurrency released by clubs which allow fans to make small decisions about the running of their teams. Among clubs to already use this form of cryptocurrency are Barcelona, Messi's former club, Manchester City and AC Milan. These clubs have earned as much as $200 million since bringing the coins into play.


PSGs fan crypto soared in value by 130% following the signing of Messi and have a market cap of $52 million.


Reports indicate that the cryptocurrency that Messi will receive is worth around 25-30 million Euros, his wage packet at the French side is thought to be in the region of half a million Euros per week. PSG has been able to afford such huge wages for stars such as Messi and Neymar following their takeover by Qatari interests.


Since the Qatari buy over, the team has won a great number of titles but has yet to win the Champions League, European football's top prize.


It can be guessed that many clubs will move into cryptocurrency if they see it as a way of increasing their revenues in the long-term.


Alexandre Dreyfus, the CEO of Socios.com told reporters:


"I believe this could be the start of a new trend as fan tokens and Socios.com play an increasingly prominent role across sport at the very highest level."


The move by football clubs to endorse crypto and blockchain technology is just one more step by major corporations and institutions in normalising cryptocurrency.


Over the past year, major firms such as Tesla have invested billions in crypto, alongside major business and entertainment figures such as Jack Dorsey of Twitter and Jay-Z. More importantly, major financial institutions such as Bank of America and Goldman Sachs have also opened up departments dedicated to cryptocurrency and positioned themselves to enter the crypto scene. Countries such as El Salvador and Panama have also made Bitcoin legal tender as a way of stopping international transaction fees.


[h/t: Reuters]


Join the following websites and apps to get free #BTC and ways for passive income.


#UnbankYourself #Cryptocurrencies #PassiveIncome

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Thinking Humanity: Lionel Messi Will Received Around 30 Million Euros Worth Of Cryptocurrency From Fan Tokens As Part Of The PSG Fee
Lionel Messi Will Received Around 30 Million Euros Worth Of Cryptocurrency From Fan Tokens As Part Of The PSG Fee
It has been revealed that Lionel Messi will receive a form of 'fan' cryptocurrency as part of his deal to join French champions Paris St Germain. The
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