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Dutch football club Az Alkmaar will pay its players in bitcoin and to hold bitcoin on its balance sheet

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Shivangi Mujumdar Follow

INDIA

Jul, 05 2021

Jul, 05 2021

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Bitcoin Meester has now made a contract where he shall be now paying off its player in Bitcoin. The same bitcoin shall then be held on the balance sheet. To be precise, Bitcoin Meester is now officially the Cryptocurrency Partner of AZ. On July 3, the news came out that this central partnership will now be marketing crypto in football. It is now being done simply to be a part of cryptocurrencies which is trending already. 


Making the best use of the booming market: 

Bitcoin Meester is a popular crypto provider that is also registered with De Nederlandsche Bank and the broker market leader of the Netherlands. It is now possible for the users to sell, buy and even store different cryptocurrencies using such platform. 


With bitcoin grading attention across the world, it has now attracted the sports field too. The Dutch popular football team AZ Alkmaar announced that the football club shall now be paying salaries to the players in form of BitcoinBesides the club also added the announcement stating that the partnership with the crypto exchange. No doubt post this, the Bitcoin Meester for the upcoming football seasons will continue being the partner at least till the first half of 2024. 


AZ's Commercial Director Michael Koster added that "The cryptocurrency market is booming, with an exponential growth of users in recent years". "That is appealing, but it is precisely in a new market that some guidance is important. Not everyone is already familiar with cryptocurrencies and Bitcoin Meester is able to guide new users in this world in a responsible manner." 


Learning new ways: 

With the football club now deciding on summing up the bitcoins for maintienace while dealing even the sponsorship in future, there is no doubt that Dutch is going to be one of those sports franchises who legally would be adopting the cryptocurrency for its transactions while also paying the athletes. 


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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