Argentine football club paid the player's transfers with cryptocurrencies – Bits Media

One of the largest Argentinean clubs San Paulo used cryptocurrency to conclude a contract for a player’s transfer from another local club.

The San Paulo Club used USDC stabilcoins to pay for the midfielder's transfer Juliano Galoppo (Giuliano Gallopo) of Banfield teams, which is located in the middle of the Argentina Championship standings. During the negotiations, the cost of the contract increased with $6 million to $8 Milln - this is due to the volatility of the Argentine peso. For the transfer of funds, the services of the Mexican cryptocurrency exchange BITSO were used.

“We are very happy to work with clubs. This historical event is the use of safe, Transparent and flexible cryptocurrency transactions to pay for football contracts ",  ̶ emphasized the director of BITSO in Brazil Tales Freitas (Thales Freitas).

Analysts note, that now in Argentina is in full swing the economic crisis, which increases the acceptance of cryptocurrencies, Especially stablecoins. The country's residents use tokens tied to the US dollar, to preserve your savings.

Earlier, the Central Bank of Argentina limited the sale of dollars to cryptocurrency traders.