Liverpool FC In Partnership To Launch Blockchain Backed App
Both parties believe the deal will improve the market while bridging the gap between fans and the club.
Liverpool in Blockchain Partnership
TigerWit has revealed that it has reached a deal with English soccer outfit Liverpool Football Club. TigerWit is a forex exchange firm. Under the deal, there will be a roll out of a blockchain anchored exchange application that will bring closer major trading markets to clients. Clients will also access trading indices and commodities.
With the collaboration, the forex platform will become Liverpool’s authorized forex exchange partner. The firm will have a chance to boost its brand penetration into the market. The penetration will also drive more users to the trading application. The application will have DLT-backed transaction systems.
Liverpool joins football clubs that are now embracing the blockchain technology. Other European soccer clubs have partnered with blockchain entities, a move that opens more avenues for future partnership.
European Soccer Clubs Embracing Blockchain
Recently, leading investment firm eToro inked a deal with a number of English top tier clubs. The clubs include Crystal Palace, Cardiff City, Brighton and Hove Albion, Leicester City, Newcastle and Tottenham Hotspur. In August, it also emerged that French giants PSG was finalizing seeks to roll out its own crypto backed with a token. The token will offer perks to supporters through the blockchain technology.
During the start of the current season, newcomers Wolverhampton Wanderers signed a sleeve sponsorship contract with CoinDeal. CoinDeal is a cryptocurrency platform that will partner with wolves for one season. Elsewhere, SportyCo is in negotiation with Newcastle United and Cardiff City. The deal is aimed at rolling out an ICO.
On the Liverpool deal, Tim Hughes from TigerWit noted that the partnership with Liverpool is a great step forward for both parties. He noted that his firm is open to any partnership with anybody from a different field in developing the blockchain technology. He said that the market needs transparency and secure systems regardless of experience.
On the other side, Billy Hogan from Liverpool stated that they were glad to add the forex exchange to its team of partners. Hogan noted that the deal will also bring global supporters closer. They expect to launch marketing initiatives and provide fan activities something that connects the two parties.