Paris Saint-Germain to Issue Its Own Cryptocurrency

September 12, 2018

Leading French soccer team Paris Saint-Germain (PSG) that includes lots of sports celebrities with Neymar among them is going to become the first team to issue its own cryptocurrency.

It has entered in contract with Malta-based crypto project Chiliz, the chief department at socios.com blockchain platform. The club plans this measure may help its fans take active part in the team activities.

The project will be available as mobile app that is to be released next year. The fans will be able to buy PSG cryptocurrency with credit cards thus participating in various polls on issues like location of friendly matches, official wear, etc.

The exact price of the cryptocurrency is unknown so far but it is reported to be public and cost around 1 euro.

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