Cryptocurrency News

Argentinean soccer club welcomes first crypto signing amid economic downturn

2022.07.30 23:37

Argentinean soccer club welcomes first crypto signing amid economic downturn
Argentinean soccer club welcomes first crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines.

The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile exchange rate of the Argentine peso, according to local sources. The transfer was made possible through a collaboration with the Mexican crypto exchange Bitso.

Related Articles

Leave a Reply

Back to top button