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Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

08/01/2022

Less than a minute

2022.08.01 08:14

Brazilian soccer club welcomes first Argentinian 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.

08/01/2022

Less than a minute

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