Monday, 17 February 2020
Sovrano

PSG join Arsenal with cryptocurrency deal that lets fans take part in club decisions

The decisions will not involve buying and selling players or the day to day management of the club, but fans will be able to decide where friendly matches are played and what next season's shirts will look like

Paris Saint-Germain have signed a new cryptocurrency deal that will allow more than 78 million fans to take part in major club decisions.

It comes after Arsenal launched a similar partnership with US cryptocurrency CashBet in 2018, allowing fans to use and redeem coins at the 60,000-seat Emirates stadium.

In a statement on Twitter, the club said 20 million virtual 'coins' worth £1.69 each have been put up for sale online.

Fans can collect them in a Pokemon Go-like system and use the credits to pick next season's shirts or meet their favourite players.

The news comes 16 months after the French club signed a deal with the Maltese company Chiliz that runs the blockchain platform called Socios.com.

Paris Saint-Germain (PSG) made the announcement of the launch of the cryptocurrency blockchain tokens on Twitter and accompanied their post with a video advertising the new product.

These tokens will give fans the chance to take part in voting decisions at the club, such as where friendly matches are played and what the shirts will look like next season.

To take part, fans will have to download the app where they will be able to purchase or collect tokens.

The more tokens gained, the greater the voting power. Those who have amassed enough will also get perks including free match tickets and the chance to meet their favourite players.

So far, Chiliz has set up partnerships with PSG, Atletico Madrid, Galatasaray, AS Roma, Juventus and West Ham.

Reports state fan tokens for Juventus ($JUV), Paris Saint-Germain ($PSG), Atletico de Madrid ($ATM), A.S. Roma ($ASR), Galatasaray ($GAL) and West Ham United ($WHU) will be available on Chiliz.net to buy and sell from the end of February.


source: mirror.co.uk

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