eToro Signs Advertisement Deals with Seven Premier League Teams 🚨 This article is 6 years old...
eToro Signs Advertisement Deals with Seven Premier League Teams
2 min read
Updated: Nov. 7, 2019 at 2:54 am UTC
Photo by Marcos Moraes on Unsplash
Shortly after adding IOTA to its platform, eToro has unveiled a flurry of partnerships with seven premier league teams.
The football (soccer) teams included in the deal are:
- Southampton
- Tottenham Hotspur
- Crystal Palace
- Newcastle United
- Cardiff City
- Leicester City
- Brighton & Hove Albion
This exciting partnership will help bring awareness to Bitcoin and other cryptocurrencies via football fans. The deal includes access to interview backdrops, rights to players, tickets, stadium LEDs and other stadium advertising.
In addition to the advertising deal, the aforementioned teams have also agreed to create wallets for future Bitcoin payments.
Iqbal V. Gandham, managing director at eToro, said:
“Blockchain can improve the experience for everyone who loves the ‘beautiful game.’
While the partnership payments were sent in Bitcoin, the new partners plan to use the underlying blockchain technology to assist in authentic merchandise detection and ticket scalping in the future.
Cryptocurrency Trading–With a Catch
Previously, eToro only allowed fiat deposits to purchase cryptocurrencies at their going rate on the platform. After purchase, the platform provided tools for the cryptocurrencies to be traded with no withdrawals.
eToro also recently added deposits and real trading of cryptocurrencies such as Bitcoin, Litecoin, Ripple, and Stellar Lumens. This is huge, as prior to the change profits could only be realized in fiat currencies, not crypto.
While eToro is not currently available for U.S. users, there is a waitlist for users to register in advance.
eToro continues to make major moves improving its position as a top cryptocurrency business. While it’s not clear if these teams plan to hold onto the received Bitcoin, this partnership is a fantastic step for the worldwide adoption of cryptocurrency.
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Bitcoin
$91,876.92
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Litecoin
$98.2445
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
XRP
$2.02051
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Stellar
$0.32347
Stellar is a multi-currency payment backend that tens of thousands of people use every day.
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets.