Opinion
A long time ago, the football transfer market has been seen as a world of separate deals and negotiations. The transfer window brings tremendous excitement to supporters who want to know how clubs are ready for the next season.
It is not always a smooth sailing, due to the requirements of huge capital and the narrow -time -futile dates facing clubs to complete deals. There is an option that can overcome these issues. The answer has emerged in recent years, and the football industry has begun to embrace it.
Football has become a great encoding partner, with a rapid increase in care deals with football clubs that make up 43 % of all encoded sports care last year, with a value of approximately $ 213 million, According to Sportic.
There is an opportunity for clubs to take these partnerships more by integrating Blockchain technology in their financial systems to increase transparency and give the democratic character to reach the transportation market.
Football clubs have already proven that Blockchain is working
This is not a completely foreign concept of football transfers. In 2018, the cryptocurrency was first used for transportation when ömerfaruk kiroğlu was Purchase By haunostaspor for a partial payment fee in Bitcoin. Several transfer has been completed by major clubs around the world, including Inter Madrid, Sao Paulo FC and Raków Częstochowa.
All these transportation operations have been completed with a decrease in settlement times, and many of the payments across the border can be exceeded. The process has become simpler with the development and organization of the most efficient cryptocurrencies.
The advantages of clubs do not only apply-the ruling bodies, including the European Football Association, can benefit from the bars of pushing the encryption regulating to automate the issuance of performance-based rewards if the clubs are qualified for the Champions League.
Overcoming the troubled markets
The player’s transfers require huge amounts of capital; Not only is the initial fees and additions in millions, but the settlement fees and transactions for the cross -border payments often mean that the low league clubs are struggling with reaching the global market.
An early example was when Sao Paolo FC wanted to buy Juliano Galubo from the Argentine side Panfield Sports Club. However, the sale was in problem Because of the troubled Argentine FX market. This requires Stablecoins, which was used by SOu Paulo FC to complete the conversion for a fee ranging from $ 8 to USDC.
Although the transportation was subsequently subject to the regulation of Argentine export, which leads to the acquired feature using Crypto that is canceled, the example highlights the possibility of the presence of Blockchain technology to provide a fixed and reliable value among the troubled financial markets.
With the continued expansion of the world’s economic world, the systematic update through a business framework organized by Blockchain is the key to guaranteeing all clubs, regardless of size, market and location, an equal opportunity to participate in the transportation market.
The day of the deadline winning
“The Day of the Time” is the term used on the last day of the football transfer window, where the clubs are trying to finish the deals, and often at the mercy of technology and bureaucracy. In 2015, former Manchester United goalkeeper David de Jia foiled to Real Madrid.
Related to: Play book to bring millions of football fans to Web3
Payments across the border between the difference in different countries can take days (or sometimes weeks) to settle, creating the bottleneck can hinder transport clubs or risk in losing decisive final dates. The insertion of the encoding bars organized in transactions to play in minutes can be allowed, highlighting the possibility of the feverish nature of the deadline.
The effects of the introduction of Blockchain technology into the football transport market exceeding the day of the deadline. Small clubs in emerging markets can benefit by adding a democratic character to reach the fastest, cheapest and most efficient bars. Fears of the stable times that endangered the decisive deals are significantly reduced, enabling the teams to participate effectively in the global market and attract major talents.
The financial professor’s book for fair play
Besides access to democracy, encryption and Blockchain can have a positive role in The rules of profit, sustainability, or clean financial play. These rules aim to settle the play field in the transportation market, but the sanctions clubs that they face, such as point discounts, can be devastating to their season and supporters.
Blockchain technology can help enhance transparency and make football transfers more fair and smooth. By creating the so -called “Ledger Financial Play” with all relevant transportation and financial data, transparency will increase, and clubs will avoid falling on these rules and unnecessary penalties.
Crypto provides multiple solutions
These cases are transverse, though; There is a wider field of opportunities here. Crypto Payment Rails can solve the most important problems that affect the football transfer market by creating a comprehensive and organized transport market. This may ensure that clubs are committed to the rules of profit and sustainability more efficiently, and enable smaller clubs to reach the broader transport market by reducing the exchange fees across the border, and overcoming the chaos of the deadline day by reducing the times of transportation.
With more clubs that adopt encryption care, there is a great opportunity for official support bodies to Blockchain technology and join them. There is real potential for Blockchain technology and encrypted currencies that are used as tools for a cross -border football (and cheaper) process, which leads to a positive impact on the industry level on the club’s financing, income sources and spending activities. Currently, Crypto performs its fingerprints in the world of football and sports, through care, but also, increasingly, one fast lightning at one time.
Opinion: Przemysław Kral, CEO of Zondacrypto.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
