{"id":71387,"date":"2018-08-01T08:30:47","date_gmt":"2018-08-01T15:30:47","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=71387"},"modified":"2026-10-18T09:31:06","modified_gmt":"2026-10-18T08:31:06","slug":"first-football-team-gibraltar-united-to-pay-players-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/first-football-team-gibraltar-united-to-pay-players-in-cryptocurrency\/","title":{"rendered":"Gibraltar United becomes first football team to pay players in cryptocurrency"},"content":{"rendered":"<p>Cryptocurrency is rapidly gaining traction as a global medium of payment. On July 29, 2018, Gibraltar United football team announced that it will pay its players in cryptocurrency next season.<\/p>\n<h2>First Football Team to Pay in Crypto<\/h2>\n<p>Gibraltar United made the industry-forward decision to become the world's first football club to pay its players in cryptocurrency, reports <a href=\"https:\/\/www.theguardian.com\/football\/2018\/jul\/29\/cryptocurrency-football-future-gibraltar-arsenal-fans\">The Guardian<\/a>.<\/p>\n<p>Pablo Dana, the owner of Gibraltar United and\u00a0an early investor in Quantocoin (QTC), started a club sponsorship that will incorporate payment agreements in cryptocurrency into all player contracts by next season.<\/p>\n<p>QTC is a decentralized payment platform built on the Waves blockchain. QTC aims to drive public adoption by integrating QTC into everyday financial services. Dana is currently Co-founder and CEO of QTC, according to the company website.<\/p>\n<h2>Gibraltar Embraces Blockchain and Cryptocurrency<\/h2>\n<p>One of the earliest\u00a0adopters of cryptocurrency, Gibraltar's financial sector has become a significant industry leader in blockchain\u00a0integration. At the start of 2018, Gibraltar passed a set of regulations for blockchain-related businesses and is now on track to launch the first <a href=\"https:\/\/cryptoslate.com\/gibraltar-moves-legalize-regulate-icos\/\">legal framework<\/a> for ICOs.<\/p>\n<p>Almost two decades ago, Gibraltar passed the first set of regulations for betting firms and became a global hub for gambling companies. Seeing similar growth in the emerging digital economy, Gibraltar's Finance Minister Albert Isola has said blockchain could be &#8220;the next significant new flow of business,\u201d according to <a href=\"https:\/\/www.nytimes.com\/2018\/07\/29\/technology\/cryptocurrency-bermuda-malta-gibraltar.html\">The New York Times<\/a>.<\/p>\n<p>While Gibraltar makes remarkable progress in legitimizing cryptocurrency, Dana <a href=\"https:\/\/www.theguardian.com\/football\/2018\/jul\/29\/cryptocurrency-football-future-gibraltar-arsenal-fans\">says<\/a> that the introduction of crypto to the football industry could mitigate corruption and provide greater transparency.<\/p>\n<figure id=\"attachment_56254\" aria-describedby=\"caption-attachment-56254\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-56254\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/tron-fifa-social-300x158.jpg\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/tron-fifa-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/tron-fifa-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/tron-fifa-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/tron-fifa-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-56254\" class=\"wp-caption-text\">Related:\u00a0<a title=\"2018 FIFA World Cup Embraces Blockchain as TRON Partners with vSport\" href=\"https:\/\/cryptoslate.com\/2018-fifa-world-cup-embraces-blockchain-as-tron-partners-with-vsport\/\">2018 FIFA World Cup Embraces Blockchain as TRON Partners with vSport<\/a><\/figcaption><\/figure>\n<p>Crypto payments also allow small football clubs and semi-professional teams to also pay foreign recruits who may have trouble\u00a0setting up financial services in countries abroad.<\/p>\n<p>Gibraltar United is not the first football team to partner with a cryptocurrency company.<\/p>\n<p>In late May 2018, former FIFA World Cup player and vSport Director, Wesley Sneijder, <a href=\"https:\/\/cryptoslate.com\/2018-fifa-world-cup-embraces-blockchain-as-tron-partners-with-vsport\/\">launched a\u00a0blockchain-powered ecosystem<\/a> dedicated to the sports industry in partnership with TRON.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency is rapidly gaining traction as a global medium of payment. On July 29, 2018, Gibraltar United football team announced that it will pay its players in cryptocurrency next season. First Football Team to Pay in Crypto Gibraltar United made the industry-forward decision to become the world&#8217;s first football club to pay its players in [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":117762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,107,77489],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gibraltar United becomes first football team to pay players in cryptocurrency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/first-football-team-gibraltar-united-to-pay-players-in-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Football Team, Gibraltar United, to Pay Players in Cryptocurrency\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency is rapidly gaining traction as a global medium of payment. On July 29, 2018, Gibraltar United football team announced that it will pay its players in cryptocurrency next season. First Football Team to Pay in Crypto Gibraltar United made the industry-forward decision to become the world&#039;s first football club to pay its players in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/first-football-team-gibraltar-united-to-pay-players-in-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-01T15:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-18T08:31:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/cryptoslate-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonathan Kim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" 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