Paris Saint-Germain (PSG) football club is making noteworthy strides in adopting cryptocurrency. A series of significant developments have taken place. The club confirmed that it has added Bitcoin to its treasury reserves. This bold move, officially announced ahead of the Champions League Finals, signals an exciting breakthrough in sports finance. Additionally, PSG became the first football club to verify a blockchain, indicating a strong commitment towards Web3 solutions.
In other historic moves, PSG is a pioneer in partnering with PSG Labs for the launch of Vision Token by Bitpanda, indicating a drive towards fan engagement via crypto. Despite a dramatic Champions League victory, the PSG Fan Token suffered a pullback. Interestingly, the club's betting on Bitcoin did not keep the Fan Token from plunging 18% despite a 5-0 win at the UCL Final. Nevertheless, the PSG Fan token experienced a surge of 18% following a Champions League win for the French club.
A significant part of Lionel Messi's deal with the club includes payments in Fan Tokens, demonstrating the increasing marriage between professional sports and digital currencies. Furthermore, the token's trading volume purportedly doubled after PSG announced adding Bitcoin to its balance sheet.
As pioneers in adopting cryptocurrency in sports, PSG partnered with Matchain for a new era of fan engagement. The club has also become a new blockchain validator for Chiliz Chain, revealing its strong push for cutting-edge technology.
PSG Coin News Analytics from Mon, 07 Apr 2014 07:00:00 GMT to Thu, 14 Aug 2025 07:00:00 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 5
