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Football club AZ Alkmaar in the Netherlands has established a collaboration with a local bitcoin exchange, Bitcoin Meester, which will serve as the team or exclusive official Cryptocurrency partner. The agreement will be effective immediately. The business will pay a portion of the deal in bitcoin, which AZ intends to keep on hand as a reserve on its books. A phonetic translation of the statement quotes AZ's marketing director Michael Koster as saying, "The cryptocurrency industry is expanding, with users growing at an exponential rate over the years." It's tempting to go with the flow, but it's precisely in a fresh market that some direction is essential."
Before we move on to our guide, please register yourself on cryptocurrency and learn the most elegant new way of buying and trading Bitcoin. Later, Koster emphasized how attractive the combination of a market with possibilities and a "secure environment" is to investors. According to the press release, the partnership's primary goal is to promote bitcoin and Bitcoin Meester services to AZ fans and the wider Dutch public and provide "advice" on purchasing, trading, and keeping bitcoin. Introducing AZ fans, as well as the rest of the Netherlands, to cryptocurrency and Bitcoin Meester in an approachable manner."
Following signing a deal with the local exchange effective until 2024, Bitcoin Meester appoints AZ's new sponsor and official Bitcoin partner. Furthermore, AZ has said that the team would leave every bitcoin received on its balance sheet and keep onto it for at least the duration of the partnership –– making it the first Dutch club to do so in history.
According to some analysts, the collaboration may also be a significant step forward in spreading Bitcoin in the Netherlands. The nation has taken several vital steps against bitcoin, the most recent is the implementation of obligatory wallet address verification for customers dealing with Dutch exchanges. It's been more than a month since the legislation, which allegedly required users to provide screenshots or participate in video conferences with the company, was repealed.
To get the Bitcoin profits in his name, Janssen built all of the required Bitcoin wallets on his computer immediately after signing the contract."We keep a particular number of bitcoins in our own wallet."
This groundbreaking action in the European Union (EU) recently highlights a success story at MIE, the Netherlands' most prestigious marketing and insights event. It has helped the club achieve its original goal of raising Bitcoin awareness in the EU. The PSV team has always been a particular part of my life since I was a child growing up in the area, said Lennert Vlemmings, COO of Anycoin, in August. "As a technology firm based in the Brainport region, we are thrilled to be collaborating with PSV on this project. The acceptance of Bitcoin as payment is the next stage in developing cryptocurrencies in the European Union."
PSV's trailblazing action expects to spur other teams to follow suit, mainly due to the game theory behind it. As bitcoin's buying power versus the euro continues to rise, couples who do not have exposure to bitcoin will find themselves at a competitive disadvantage. An excellent example of this would most likely be during transfer windows, when PSV may sign more talented players due to the increased value of BTC on its balance sheet. The Eindhoven Football Club is a professional football club based in the city of Eindhoven in the Netherlands. PSV has won the Eredivisie on eight occasions.
And to support the English Premier League (EPL), global investing platform eToro has collaborated with teams from the British Premier League (BPL) in a sponsorship agreement that may see future player transactions in the EPL paid in cryptocurrency.
"The blockchain technology, which underlies cryptocurrencies such as bitcoin, provides transparency and efficiency to the financial system. Several sectors are currently experimenting with the use of blockchain technologies for contract execution, and football transfers would seem to be an obvious candidate for adoption of this new technology." Premier League teams have agreed to put up a digital wallet on the platform as part of a pilot project to see the British Pound Sterling (GBP) replace cryptocurrencies as the preferred method for player transfers in the league's top division.
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