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Soccer Powerhouse Paris Saint-Germain Names Crypto.com as Cryptocurrency Partner
The exchange will pay a large part of its sponsorship fee with its CRO token.
By James Rubin
Updated May 11, 2023, 4:14 p.m. Published Sep 10, 2021, 7:27 p.m.
European soccer giant Paris Saint-Germain named crypto exchange Crypto.com as its official cryptocurrency platform partner, the firm said Thursday.
- The agreement will include the issuing of exclusive non-fungible tokens (NFTs) on the Crypto.com NFT platform.
- Crypto.com will pay a large part of its sponsorship fee with its CRO token. “The multi-year partnership is in the range of 25M–30M Euros, with a significant portion paid in CRO,” the exchange’s CMO, Steven Kalifowitz, told CoinDesk via email.
- Crypto.com co-founder and CEO Kris Marszalek said the partnership with Paris Saint-Germain would help the company achieve its mission of accelerating “the world’s transition to cryptocurrency.”
- The partnership is just the latest example of the growing intersection of professional soccer and crypto – with Paris Saint-Germain one of the main participants of late.
- In August, the storied club, which has won seven of the last nine championships in France’s top professional league, included a payment of crypto fan tokens to help complete the acquisition of star forward Lionel Messi from FC Barcelona.
- As of Friday, the PSG fan token will be available on Crypto.com, Kalifowitz said.
- Club forward Lionel Messi also became part of the NFT trend last month with the launch of “The Messiverse,” featuring crypto artworks celebrating his career by Australia-based digital artist BossLogic.
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Read more: Lionel Messi’s Paris St. Germain Transfer Included Crypto Fan Tokens
Jamie Crawley contributed reporting.
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