Sao Paulo becomes the first Brazilian football club to implement cryptocurrency payments.
More and more football teams and footballers are beginning to adopt cryptocurrencies and blockchain. Most commonly, football teams focus on launching their own own fan tokens, as is the case with Paris Saint Germain, FC Barcelona or Atlético de Madrid, other clubs have opted for different solutions.
For example, the Colon Football Club from Uruguay created its own token, the Colon Coin, pegged 1:1 to the dollar and linked to a percentage of the club’s shares. Others, such as Mexican team Chivas, have implemented blockchain technology to conduct NFT auctions and other club activities.
In this sense, NFTs are one of the favorite use cases for football teams. For example, the Argentina's national team has launched a collection of non-fungible tokens with some of the best moments in its history. Even some players, such as Zlatan Ibrahimović, have decided to launch their own NFT collection.
Cryptocurrencies and blockchain technology have been a fundamental part of the football world for some time now. So much so that Algorand (ALGO) became the official provider of cryptocurrencies and blockchain technology a few months ago. FIFA blockchain technology.
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Sao Paulo fans will be able to pay for tickets with SHIB
From now on, Sao Paulo FC fans, who have previously registered as Fan Members, will be able to buy tickets for matches played at the Morumbi stadium using Shiba Inu.
Payments are made thanks to the sports club's partnership with Bitso, the Mexican exchange.
Users who purchase their tickets with Shiba Inu will receive confirmation of payment via a direct message to the SHIB Fan Page account. In order to access this page, users must have been previously accepted into the Fan Member program.
Sao Paulo FC has won the Brazilian league six times and has featured some of the best players in Brazilian football such as Cafu, Kaka, Dani Alves, Luis Fabiano and Casimiro. Now, the team has become the first to accept cryptocurrencies as payment for tickets in the country.
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