Espanyol Becomes Spain’s First Football Club To Accept Crypto

La Liga football club Espanyol announced it will accept crypto payments starting next season, in a sponsorship agreement signed with iGaming Token Crypto Snack on Monday. The deal makes Espanyol Spain’s first club to accept payments in crypto currencies.

First iGaming Token on Binance Smart Chain

Launched on the Binance Smart Chain, Crypto Snack is the first iGaming Token that aspires to fight climate change by locking 10% of all Crypto Snack tokens in its Green Treasury for projects that help to save the planet.

The agreement allows for acceptance of payments in a range of cryptocurrencies including Bitcoin, Ethereum and SNACK in Espanyol’s RCDE Stadium in Barcelona for a period of three years. The deal also includes the featuring of Crypto Snack logo on the club team’s jersey.

Antoni Alegre, the club’s marketing director, said, “We signed an agreement for the remainder of the season and three more years that includes the presence of Crypto Snack in the training shirt and in the first team shorts. We are an enterprising club and we want to be a meeting point for the blockchain sector.”

Mao Ye Wu, the club’s chief executive officer, said they are working towards using cryptocurrencies can be used as a payment method in the stadium next season. “We value all the good that technology brings us to the world of football.”

Stuart Morrison, chief executive officer of Crypto Snacks, said Espanyol was the perfect partner. “We are very happy to be here and to sign the first agreement in the sector in La Liga. We want to work and grow together.”

The partnership reflects increasing adoption of cryptocurrency and blockchain applications in the sports industry not just in Europe but across the world. From sports-based NFTs to fantasy gaming to ticket payments, the usage of crypto continues to expand.

The SNACK token saw a significant jump in its price in the last 1 week. The price took a 90.1% jump over the last week, with a trading volume of $1,922,431.

Anvesh is keen on writing about major announcements around crypto adoption by institutions and popular personalities. Having been associated with the cryptocurrency industry since 2016, his interest in this space helped pivot his journalism career to the blockchain ecosystem. Follow him on Twitter at @AnveshReddyEth and reach out to him at anvesh (at) coingape.com

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