Opinion of: Przemysław Kral, CEO of Zondacrypto
The soccer transfers market has long been seen as a world of discreet treatment and negotiations. The transfer window brings an immense emotion to followers who want to see how clubs prepare for the season.
It is not always a navigation without problems, given the huge capital requirements and the tight deadlines faced by clubs to complete the offers. There is an option that could overcome these problems. The answer has stood out in recent years, and the football industry is beginning to accept it.
Football has become a great partner of the cryptographic industry, with a rapid increase in sponsorship agreements with football clubs that represent 43% of all sports crypto sponsorships in the last year, valued at approximately $ 213 million, according to Sportqueke.
There is an opportunity for clubs to carry these associations even further by integrating blockchain technology in their financial systems to increase transparency and democratize access to the transfers market.
Soccer clubs have already shown that blockchain works
This is not a completely strange concept in football transfers. In 2018, cryptocurrency was first used for a transfer when Harunustaspor bought Ömer Faruk Kiroğlu for a partially paid rate in Bitcoin. Since then, several transfers have been completed by main clubs worldwide, including Inter in Madrid, São Paulo FC and Raków Częstochowa.
All these transfers were completed with reduced liquidation times and omitted numerous cross -border payments that could have stunted transactions. The process is becoming simpler with the development of more efficient and regulated crypto-national payment rails.
The advantages not only apply to clubs: government bodies, including UEFA, could also take advantage of regulated cryptographic payment rails to automate the release of rewards based on performance if clubs qualify for the Champions League.
Overcome turbulent markets
Player transfers require large amounts of capital; Initial rates and accessories not only in multimillions, but that the rates of agreement and transaction for cross -border payments often mean that the lower leagues clubs fight with access to the global market.
An early example was when São Paulo FC wanted to buy Giuliano Galoppo of the Argentine team Banfield Athletic Club. Even so, the sale was in trouble due to the turbulent market of Argentine FX. This required Stablecoins, which São Paulo FC used to complete the transfer for a rated rate between $ 6 and $ 8 million in USDC.
Although the transfer was subject to Argentine export regulation, which led to the advantage obtained when using denied cryptography, the example highlights the potential of blockchain technology to provide a fixed and reliable value in the midst of turbulent financial markets.
As the economic world of football continues to expand worldwide, systematic modernization through a regulated frame with block chain food could be the key to ensuring that all clubs, regardless of their size, market and location, have the same opportunity to participate in the transfers market.
Day winning date
The “deadline” is the term used for the last day of the football transfer window, where clubs try to terminate agreements frantically, often at the mercy of technology and bureaucracy. In 2015, a defective fax machine frustrated the movement of former Manchester United goalkeeper, David De Gea, Real Madrid.
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Cross -border payments between teams in different countries may take days (or sometimes weeks) to settle, creating a bottleneck that can hinder a transfer or risk clubs that are missing crucial deadlines. Bringing regulated cryptographic rails at stake can allow transactions to be completed in minutes, highlighting the potential to discourage the agitated nature of the deadline.
The implications of introducing Blockchain technology in the soccer transfers market go beyond overcoming the date clock. Smaller clubs in emerging markets could benefit from democratizing access to faster, cheaper and more efficient rails. The concerns of the established elongated times that are in risk of endangering crucial agreements are significantly minimized, allowing teams to participate effectively in the global market and attract key talent.
The Book of Financial Real Estate Game
Beyond the democratization of access, Crypto and Blockchain could have a positive role in the gains and sustainability rules or a clean financial play. These rules point to level the playing field in the transfers market, but the penalty clubs they face, such as points deductions, can be devastating for their seasons and followers.
Blockchain technology could help increase transparency and make football transfers more equitable and perfect. By creating a so -called “real estate game book” with all relevant transfers and finances in the chain, transparency would increase exponentially, and clubs would avoid being victims of these unnecessary rules and sanctions.
Crypto provides multiple solutions
However, these cases are incidental; There is a much wider field of opportunity here. Cryptographic payment rails can solve the most important problems that affect the soccer transfers market by creating a regulated and general transfer chain. This could ensure that clubs adhere to the gains and sustainability rules more efficiently, allow smaller clubs to access the broader transfers market by reducing cross -border exchange rates and overcoming the chaos of the day of the deadline by reducing transfer liquidation times.
With more clubs that adopt cryptographic sponsorship, there is a significant opportunity to govern the bodies to officially support blockchain technology and join them. There is real potential for blockchain technology and cryptocurrencies to take advantage of as tools for more efficient (and cheaper) cross -border soccer transfers, which leads to a positive impact on the entire industry on club finances, revenue sources and spending activities. For now, Crypto is leaving his mark on the world of football and sport, through sponsorship, but also, more and more, a ray transaction at the same time.
Opinion of: Przemysław Kral, CEO of Zondacrypto.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The points of view, the thoughts and opinions expressed here are alone of the author and do not necessarily reflect or represent the opinions and opinions of Cointelegraph.
