The giant club Benfica accepts bitcoin and ethereum for payment, and the cryptocurrency competition in the football world has started?

Text|Vivi

Editor | Vivi

Produced | TokenHODL

Although this is not the first time that the football world has extended an olive branch to cryptocurrencies, the reason why Benfica is regarded as a cross-generational significance is that this is the first time that cryptocurrencies have been used as a regular payment method.

The 2018 Serie A champion Juventus launched an official fan token to establish a connection between the club and the fans, so that fans of the Bianconeri can interact with themselves through the voting platform. During the 2018 World Cup in Russia, fans were even able to pay for tickets with Bitcoin, although that was the only example of cryptocurrency payments accepted at the World Cup.

Now, however, cryptocurrencies can be paid for at Benfica's home stadium, the Luz Stadium (Portuguese: Estádio da Luz, also translated as the Stadium of Light) through the payment processing platform UTRUST. Just on May 10 this year, UTRUST has been approved to join the Financial Services Standards Association (FSSA). As a self-regulatory body in Switzerland, the association is approved by the Swiss Financial Market Supervisory Authority (FINMA) and UTRUST is able to operate as a "financial intermediary". Benfica chief executive Domingos Soares de Oliveira said in an interview on Wednesday:

UTRUST's core technology will help Benfica better utilize the security and convenience brought by cryptocurrency payments while protecting the club from market volatility. UTRUST's payment solution can also greatly reduce processing fees and eliminate traditional credit card chargebacks. detrimental effects of payment and fraud.

Domingos Soares de Oliveira stated that the decision to accept crypto payments came from an acknowledgment that the club must “stay ahead” and added this way:

We've recognized that many of our fans are now users of cryptocurrencies, so we want to be at the forefront of embracing new technologies.

It is an open secret that cryptocurrencies are popular in the football world, and we can foresee that a race for cryptocurrencies or currencies in the football world has begun.

Former Tottenham Hotspur manager Harry Redknapp once pumped cryptocurrency through his Twitter account. Football legend Ronaldinho even launched his own token. More names familiar to British and European football fans are being added to the list over time.

In April of this year, according to Finance Magnates, Ayr United, currently the third-ranked club in the Scottish Championship, announced that it had reached a sponsorship partnership with the controversial cryptocurrency Bitcoin Cash SV (BSV). Next season, Ayr United players will wear the BSV logo on their jerseys. The partnership was signed between Ayr United and crypto industry news media site CoinGeek. Coingeek founder Calvin Ayre is a major supporter of BSV.

Benfica has a long and glorious history in European football. It is a veritable giant club that leads the development of world football and jointly created a bright history of European football. The club has 14 million fans worldwide and 7 million active followers on the internet and social media accounts. At present, it has announced that it supports Bitcoin, Ethereum and UTK payments. This may only be the prelude to the love between football and cryptocurrencies!