Opinion by: Przemysław Kral, CEO of Zondacrypto

The football transfer market has long been seen as a world of considerate transactions and negotiations of the facilities. The transfer window brings huge emotions for fans who want to see how clubs are preparing for the upcoming season.

It is not always velvety sailing, taking into account the huge capital requirements and tight terms facing the clubs to complete the offers. There is an option that could overcome these problems. The answer has come to the fore in recent years, and the football industry is starting to accept it.

Football has become a great partner in the cryptocurrency industry, with a rapid augment in sponsorship agreements with football clubs constituting 43% of all cryptographic sports sponsorship in the last year, about USD 213 million, According to the sports quake.

Clubs have the opportunity to take part in the integration of blockchain technology with their financial systems to augment the transparency and democratization of access to the transfer market.

Football clubs have already proved that Blockchain is working

This is not a completely foreign concept in football transfers. In 2018, the cryptocurrency was first used to transfer when Ömer Faruk Kirğlu was he bought Author: Harunustaspor for a fee partly paid in Bitcoin. Since then, several transfers have been completed by the main clubs around the world, including Inter des Madrid, São Paulo FC and Częstochowa Rak.

All these transfers were completed with a shortened settlement time and bypassed numerous cross -border payments that could stop transactions. This process becomes simpler thanks to the development of more productive and adjustable cryptocurrency payments.

The advantages do not only apply to management clubs, including UEFA, they can also apply adjustable cryptographic payments rails to automate the reward release based on results, if clubs qualify for the Champions League.

Overcoming turbulent markets

Player transfers require a huge amount of capital; The initial fees and allowances are not only in many millions, but the payment for settlement and transactions for cross -border payments often mean that lower league clubs are struggling with access to the global market.

An early example was that São Paulo FC wanted to buy Giuliano Galoppo from the Argentine side sports club. Despite this, sales had trouble due to the stormy FX Argentine market. This required Stablecouins, which São Paulo FC used to complete a transfer for a fee of 6 to 8 million USDC at USDC.

While the transfer was later subject to the regulation of Argentine exports, which leads to the advantage obtained using cryptocurrency negation, the example emphasizes the potential of blockchain technology in order to ensure a constant and reliable value about turbulent financial markets.

Since the economic world of football is still developing, systematic modernization through regulated frames powered by blockchain can be the key to providing all clubs, regardless of size, market and location, have equal chances of participation in the transfer market.

The winning day of the deadline

“Deadline Day” is a term used on the last day of the football transfer window, in which clubs are frantically trying to finalize offers, often at the grace of technology and bureaucracy. In 2015, the defective fax thwarted the movement of the former goalkeeper Manchester United David de Gea to Real Madrid.

Related: Textbook for the introduction of millions of football fans into Web3

Cross -border payments between teams in different countries can take days (or sometimes weeks) to settle, creating a bottleneck that can be hindered by transfer clubs or risky missing key dates. The introduction of adjustable cryptographic rails may allow you to complete the transactions within a few minutes, emphasizing the potential for deesiculation of the feverish nature of the date.

The implications of introducing blockchain technology to the football transfer market go beyond overcoming the date. Smaller clubs on emerging markets could benefit from democratization of access to faster, cheaper and more productive rails. It worries the extended resolved times that the risk of threatened key contracts are significantly minimized, enabling teams to effectively participate in the global market and attracting key talents.

Financial Book of Fair Play

In addition to democratizing access, crypto and blockchain can play a positive role in Principles of profit and sustainable development or Fair Play Financial. These rules are aimed at compensating for opportunities on the transfer market, but penalty clubs, such as point deductions, may be devastating for their seasons and fans.

Blockchain technology can facilitate augment transparency and make football transfers more fair and trouble -free. By creating the so -called “financial book of fair play” with all transfers and appropriate finances, transparency would be exponently increased, and clubs would avoid the fall of the victims of these principles and unnecessary penalties.

Crypto provides many solutions

However, these cases are accidental; There are much wider possibilities here. Cryptographic payments can solve the most crucial problems affecting the football transfer market, creating a superior, regulated transfer market. This can ensure that clubs will more effectively comply with the rules of profit and sustainable development, allow smaller clubs to access a wider transfer market by reducing cross -border fees and overcoming chaos on the day of the deadline by shortening the time of transfer of transfer.

Since more clubs include cryptographic sponsorship, there is a significant opportunity for managers of official support for blockchain and joining them. There is a real potential of blockchain and cryptocurrencies, which will be used as tools for more productive (and cheaper) football transfers, which leads to a positive impact on club finances, sources of income and expenses related to expenses. For now, Crypto imprints its mark in the world of football and sport through sponsorship, but also more and more often one rapid transaction at the same time.

Opinion by: Przemysław Kral, CEO of Zondacrypto.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.