PSG and Juventus have become the first football clubs to have digital assets listed on the three major cryptocurrency exchanges and their impact has been huge and immediate.
In the first 24 hours of trading, the Juventus 'token' ($JUV) shifted more than 120 million euros and rose 113 percent to 28 euros, 14 times its launch price.
The PSG 'token', meanwhile, moved close to 100 million euros and its price grew 198 percent in 24 hours, reaching 32.75 euros, more than 16 times its starting price.
According to the company Chiliz, the market value of sports 'fan tokens' is around 150 million euros and in the coming months clubs such as Barcelona, Roma, Atletico Madrid and Independiente in Argentina will also be trading on the crypto exchanges.
Manchester4eva©️
0
Very smart move by clubs. They can do so much with cryptocurrency. They can even accept payment using their crypto and because of the number of fans the clubs boast, their currencies will sell out WELL! Manchester United should look into this but keep me informed so I can buy on time.
khanronaldo
0
no UCL for both, only Criptocurrency[Crylaugh][Crylaugh]
lets wait and see this season you fool
KevinDe
2
no UCL for both, only Criptocurrency[Crylaugh][Crylaugh]
Eminem10
1
thanks psg and juve for giving me a payrise
Eminem10
1
Oh I got a payrise yes
Goldmouf
0
PSG and Juve don start Nges abi... they have turned into yahoo clubs
hailesol
3
even if Watford loounched their shirt advertising bitcoin
PrimeBattler
2
Good good Such an improvement
Hunabklmpz
4
when is it coming to Nigeria
aisiddiquee786
15
Just cristiano effects
lord_henry-14
2
wow
Rapcdinrst
22
I barely see the rise of the two clubs financially.