Brazil’s So Paulo FC Now Allows Fans To Buy Matchday Tickets Using Crypto

Sao Paulo FC, the 22-time winner of Brazil’s top division football league, has teamed up with Mexico-based cryptocurrency exchange Bitso to allow fans to buy match tickets with crypto, becoming the first football club in the country to do so. After joining Bitso as an official sponsor and partner, the club now allows fans to purchase tickets for their team’s matches using cryptocurrencies, including the Shiba Inu. Meanwhile, Bitso announced support for Shiba Inu on its platform in early January.

Based on the announcement of the deal, fans of So Paulo can buy tickets to watch the match at the club’s home ground – Morumbi Stadium, which is using digital assets. bitso, List of major cryptocurrencies expected by Bitso include bitcoin (btc), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin Cash (BCH), Ethereum (ETH)Wrapped Bitcoin (WBTC), Litecoin (LTC) And five stablecoins are pegged to the US dollar, including DAI.

The crypto payment program is currently only available to registered supporters with a membership card. However, clubs and exchanges will try to make payment options available to the general public in the near future.

Bitso said fans were allowed to buy tickets “with” cryptocurrencyThe move was “one of our main goals since the start of the partnership with the club”, while So Paulo FC claimed the move proved the team was “at the forefront of innovation” in the Brazilian football space.

Crypto is aggressively infiltrating the field of sports, with football being one of the sports that has embraced this new technology with wide open arms, with many major sports clubs around the world adopting crypto and blockchain technology in various forms. adopted in.

While some clubs are partnering with crypto companies to launch NFT collections for better fan engagement, others have started accepting crypto payments for ticket sales, such as So Paulo FC. Leading exchange, has also signed on partnership deal With FIFA becoming the first official crypto sponsor of the World Cup 2022. In addition, global crypto exchange Bybit has signed an agreement to sponsor all of Argentina’s national football teams, including the men’s national team.

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