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Cryptocurrency

Lionel Messi Becomes First Footballer to Receive Cryptocurrency in his Contract

Lionel Messi Becomes First Footballer to Receive Cryptocurrency in his Contract

  • Lionel Messi completed a switch to French club Paris St Germain after more than 20 years at former club FC Barcelona
  • It has been revealed that the football legend received some of his signing fees in PSG fan tokens, making him the first player to do this
  • The club announced this on Wednesday and media have estimated the tokens to be worth up to 25 million euros

Lionel Messi has become the first player to receive fan tokens as part of his contract after completing a switch to Paris St Germain on Tuesday.

Lionel Messi

PSG revealed that the cryptocurrency was included as part of his “welcome package” but failed to disclose how much the footballer received.

Media reports have estimated the tokens the footballer received to be worth between 25 and 30 million euros.

The news could serve as a sort of endorsement for digital assets in general and the value of the fan token has more than doubled since Messi was linked with the French club.

Read also: Cristiano Ronaldo Receives Reward In Crypto

Fan tokens are a type of digital currency that allows the holders to vote on minor decisions regarding the club.

Some top clubs such as Manchester City, AC Milan and FC Barcelona have also launched these digital currencies for their fans.

The fan tokens can be traded on cryptocurrency exchanges and they are provided by Socios.com

Football star Lionel Messi has a contract that runs until 2023 with PSG and he has the option of extending the contract for an additional year.

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