Turkish football club becomes the first to pay for a player using Bitcoin

Harunustaspor, an amateur football team from Turkey, just made history by becoming the first football team to pay for the acquisition of a player using the best-rated cryptocurrency of them all. Even though, at this level, the fees for the players are low enough so that you won’t normally need Bitcoin to pay for players, the small club wanted to put their mark in football history as being the first team to achieve such a feat.

Omer Faruk Kiroglu is the star

The lucky player that has the honor of being the first in history to be bought using Bitcoin is named Omer Faruk Kiroglu and he is a 22-year-old striker that will be playing for the Turkish club until the end of the present season. The sum paid by Harunustaspor is 0.0524 Bitccoin which, at the time of the transfer, were worth somewhere around €450 and an extra cash fee of 2500 Turkish Lira in order to secure the services of the above-mentioned football player.

The government is not in full agreement

Even though the act itself of buying the first football player using Bitcoin, is a remarkable one, proving once again that the cryptocurrency has a strong future and it can easily be used as an official currency, the Turkish Government is not entirely on board. The authorities warn against the use of Bitcoin as well as other cryptocurrencies because there are no legal foundations for their use, especially regarding fees and taxes. Despite the warning, club president Haldun Sehit stated that he is very proud to be part of the first Bitcoin transfer and that he sees the event as an achievement for him and the club.

Football and Bitcoin

Even though it was registered as a world first, the approach between Bitcoin and Football isn’t a new thing. At the beginning of the year, a big name in the Premier League, Arsenal, agreed to promote a cryptocurrency that goes by the name of CashBet. Cashbet proudly announced that Arsenal became their official and exclusive blockchain partner and the deal means that CashBet Coin will be advertised during Arsenal’s home matches at the Emirates Stadium.

Cryptocurrency in Sportsbooks and Online Casinos

Big steps are being made in the official recognition of cryptocurrencies of all kinds as reliable payment methods for goods, services and, as the example above shows, even football players. But there is one industry that had no issue embracing cryptocurrencies as payment methods: the gambling industry. There are a lot of online casinos and sportsbooks out there that are successfully using cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dash, FunCoin and many more to let their players deposit to enjoy their favorite games or withdraw their winnings. 24Pokies Australian online casino is not the most relevant example in this regards since it doesn’t offer cryptocurrencies yet, however, the most modern payment methods are available here and things are in a continuous improvement.

Cryptocurrencies are on the rise in 2018

The overall cryptocurrency market valuation is expected to hit and even overcome the $1 trillion mark during 2018 since the market cap is on a continuous increase, despite the fact some of the coins seem to have a hard time since the end of 2017 and the beginning of 2018. The cumulative value of the cryptocurrency market grows from one year to another and it is expected that in the las months of 2018, all major cryptocurrencies to register a boom, similar to that experienced by Bitcoin towards the end of 2017.

Turkish football club becomes the first to pay for a player using Bitcoin

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