European football clubs embrace cryptocurrency, but fans are divided


Among the clubs to launch tokens in recent months are English Premier League champions Manchester City and Italy’s AC Milan. Spain’s national team says it plans to launch a similar scheme. — Reuters

LONDON: A growing number of major football clubs are launching digital coins that allow fans to vote on a variety of minor decisions as the sport faces slumping revenues caused by the coronavirus pandemic.

But supporters are divided over the so-called fan tokens. Some appreciate the novel way to engage with their teams – and help make decisions, even if only on small-time matters such as the song played at matches after a goal is scored or images used on social media. Others dismiss the tokens as superficial participation that adds to the already growing costs of following their teams.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

How the EU transformed tech
Nigeria sets dangerous precedent by detaining Binance execs, CEO says
Online retailer Zalando returns to growth thanks to premium brands
Amazon launches online shopping service in South Africa
Nintendo to announce next Switch by March as original sputters
Details of UK military personnel exposed in huge payroll data breach
Scammers stole homeowners’ identities and sold their houses ‘out from under them’, US feds say
Exclusive - Microsoft hit with Spanish startups' complaint about cloud practices
Is China the target of new US global cyberspace and digital technology strategy?
International Baccalaureate taking ‘appropriate and timely measures’ to remove online posts containing leaked exam questions after outrage

Others Also Read