Icona di facebookIcona di InstragramIcona del social X

Messi, a million-euro salary and cryptocurrency

7 September 2021
- Di
Alessia Petrucci
Tempo di lettura: 2 minuti

MESSI CRYPTOCURRENCY - Messi’s transfer to Paris Saint Germain was one of the most unexpected calciomercato hits of 2021. Barcelona tried hard to keep the champion, but the budget cuts were too high to hold back the football star. The French club offered the "Pulce" a salary considered more appropriate for the player, but with a surprise. On the account of Messi in fact will be poured not only euros, but also cryptocurrency.

The Messi's case

The case messiThis summer Lionel Messi made a lot of talk about himself. The great champion led for years Barcelona to accomplish great feats, but the Spanish club today was no longer able to afford or pay the "Pulce". For this reason, with great pain, the Argentine was bought by PSG, a French club that with the 2021 football market added several stars to its rose.

Messi, however, has distinguished himself among the many other respectable purchases. The reason is found in his engagement. The player has signed a contract of about 30 million per year plus bonus. The particularity, however, is not the figure itself, but how this is shared. In fact one part will be paid in euros, another in cryptocurrencies. The Paris Saint Germain, however, did not reveal the proportion between the two coins.

Messi paid with Psg cryptocurrency: $PSG Fan Tokens

Cryptocurrencies and tokens have been part of the football scene for some years now, but Messi is the first player to receive them as a salary. But let’s go into more detail about the issue. Despite being a fairly recent technology, there are already numerous cryptocurrencies in the world. Those that the player will receive are $PSG Fan Tokens, the coin that the PSG created with Socios.com in 2020. The decision to create its own cryptocurrency was born to try to give rise to new forms of financial income and diversify investments.

Fan Tokens in fact, like all cryptocurrencies, are listed on the stock exchange and can be exchanged. For this reason they are subject to continuous fluctuations that constitute the worst defect and the best value of this payment method. For example, the Messi deal caused the $PSG Fan Tokens to double their value. Before the announcement their value was 19 euro, after 42.48. But the influence of the stock market operation is not over here. The Parisian club has said that already after the first rumors on the possible purchase of the player the exchange volumes of fan tokens have reached 1,2 million dollars.

Messi is the first, but not the last case of footballer paid in cryptocurrency

The choice of Paris Saint Germain to bet on the Fan Token is fully part of the trend that the football and sports market in general is taking. This is also stated by Alexandre Dreyfus, CEO of Chiliz and Socios.com:

"The Paris Saint-Germain is reaping the rewards of its innovative approach and I am convinced that this will be the beginning of a new trend that will see Fan Tokens and Socios.com play an increasingly important role at the highest levels of sport".

To learn about other sports that have close relations with the world of cryptocurrencies, click here.

Icona di facebookIcona di InstragramIcona del social X
Copyright @Finanze Investimenti Criptovalute