Manchester City, one of the giants of world football, will issue crypto money. Manchester City signed an agreement with Socios for this project.
Manchester City enters the cryptocurrency industry
While cryptocurrencies continue to spread, football clubs are entering this area. Especially Manchester City, which is among the biggest clubs in the world with its economic structure, will enter the crypto money sector.
Manchester City reached an agreement with token platform Socios for its own cryptocurrency. Under the agreement, the $ CITY currency will be developed and made available. Manchester City’s entry into this area after giant clubs such as Barcelona, Juventus, and PSG will make the cryptocurrency industry stronger. It will also change the way the fan base of the clubs views cryptocurrencies.
Sociocs CEO Dreyfus said the market value of its tokens has exceeded the $ 400 billion thresholds. He also stated that they will make an agreement with 3-4 more teams from England in the second quarter of this year.