Quantocoin Acquires Football Club Using Cryptocurrency

Sep 2, 2018 at 09:34 Update Date :Sep 2, 2018 at 09:34 UTC

Quantocoin, a Gibraltar-based blockchain startup has bought 25 percent state in A.C.Remini 1912 in an arrangement that includes cryptocurrency as transaction method.
As per its website, “Quantocoin is a stage for the future of funding that is based over the Waves blockchain. It accelerates the development of unbanked individuals by offering devices and services that save both time and assets.” In other words, Quantocoin expects to build up itself as a “crypto bank” and goes about as a passage between the established and new crypto-driven banking space.
A.C. Rimini 1912 is a small football club with over 100 years of history that has played in Italy’s lower leagues for most of its existence.
The president of Remini F.C’s sated in a press release that
“Negotiations with this group have been ongoing for a couple of months. Heritage Sports Holdings, with its partner Quantocoin, will try to bring to the team and the city new ideas and synergies from the sporting, brand image and technological point of views.”
As per Forbes, Pablo Dana, Quantocoin co-founder and proprietor of Heritage Sports Holdings, said that the buy of Rimini F.C. is one of numerous more to come. He considers cryptocurrency to a perfect vehicle to combat corruption in a game that has been buried in real money drove contentions and indirect deals.
In January 2018, renowned London-based football club, Arsenal F.C., went into a sponsorship deal with California-based iGaming stage CashBet. The sponsorship bargain was an approach to advance CashBet’s ICO, which was held later in the year and raised $38 million.
CashBet’s founder and CEO Dr Mike Reaves stated that “We are overwhelmed to do so in association with one of world football’s true monsters in Arsenal, empowering us to assemble our brand and engage in this gathering of people in a meaningful way.”

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