Newcastle United Wants To Make Its Own Cryptocurrency Scheme

Football Club Newcastle United, is considering the possibility of launching its own cryptocurrency. Last weekend, the Times reported that Newcastle and Cardiff were among the Premier League clubs in discussions with SportyCo, a microfinance and crowdaging company.

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Under this scheme, using Bitcoin, the world’s most popular analogous digital currency, fans will be able to buy “tokens”, which can then be exchanged for tickets and goods, and which can potentially bring in additional revenue for the club.

It is reported that such funds can then be used to support the potential budget of Rafael Benitez, although it is not clear how this crypto currency will be converted into cash.

The Brazilian team of the B Avai Series has recently launched such a scheme, while Paris Saint-Germain is also considering the possibility of doing the same.