Tag: Futbol

Gibraltar Soccer Team Will Pay Players in Cryptocurrency

By James Sweet III | Gibraltar

Gibraltar United, a soccer team from the British territory of Gibraltar, is set to become the world’s first sports team to pay players in a form of cryptocurrency. The team’s owner, Pablo Dana, is an investor in “Quantocoin”.

The team’s management has reached an agreement with players that will take effect next season, changing their method of payment from fiat to crypto. Gibraltar’s finance sector, according to The Guardian, is leading nations in embracing technological innovation and the blockchain. Pablo Dana sees the transparency of blockchain technology as a way to reform the soccer community and to remove corruption in the sport.

Due to the size of both Gibraltar and the soccer club, Dana sees embracing the blockchain as a way to pay foreign players who can’t easily access a bank account based in Gibraltar and allows their payments to bypass many fees and taxes in the territory.

If the many teams and leagues of soccer embraced the blockchain, they could easily stop illegal contributions and bribes to clubs, players, and league officials. Soccer seems to be a good market for cryptocurrencies, as players like Lionel Messi have signed partnerships with crypto firms and businesses.

In reference to Gibraltar’s technologically advanced environment, Pablo Dana said, It was the first [place that] regulated betting companies 20 years back when everyone was seeing them as horrible.” 

With Gibraltar United taking a step into the unknown, the club could be a pioneering force in the world. If the process involving cryptocurrency works out, many nations and private organizations may become less reluctant to the blockchain technology, seeing how it could expose illegal practices like money laundering and bribes, as well as making the payroll process easier for both business owners and employees.


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Pussy Riot Invades World Cup Pitch

Spencer Kellogg | @TheNewTreasury

“We live in a country that can do away with a person” -Nadezhda Tolokonnikova 

Four members of the Russian punk band and anarchist protest art group Pussy Riot are being held in a Russian prison tonight after they ran onto the field during the second half of the World Cup Final between Croatia & France. In a sight that stunned viewers and saw players pushing and grabbing at the dissenters, three women and one man were hurried off the field as President Putin watched on from the boxes above.

For fans of soccer around the world, it was a confusing and frustrating moment that broke up tense action in the 52nd minute of play. But to those who have watched Pussy Riot gain notoriety for their public acts of protest, this was the culmination of a roughly decade-long chain of demonstrations that have demanded free speech, LBTQ rights, and shown direct vocal opposition to Russian President Vladimir Putin. Pussy Riot claimed responsibility for the protest on their Facebook and Twitter pages.

https://twitter.com/KevinRothrock/status/1018551542302101505

The group first made headlines on February 12th, 2012 when they broke into Saviour Cathedral in Moscow and proceeded to perform a “punk prayer” in front of the altar. Three of the women were arrested on charges of hooliganism and sentenced to two years in prison which they described as endless humiliation upon release.

They would find the media spotlight again when they attempted to perform in front of an Olympic sign at the 2014 Sochi Winter Olympics in Russia. In a video that went viral around the world, Russian Cossacks used horsewhips to attack the members of Pussy Riot for exercising their speech. Two members were arrested on charges of theft but were released in hopes of assuaging what had been sustained criticism from journalists regarding free speech rights in Russia ahead of the games.

Of all the protests that Pussy Riot have organized, this was by far their most prolific yet. In front of a relaxed looking Vladimir Putin, Pussy Riot again used the global stage to point out the lack of free speech and religious tolerance in their home country. On their 2014 appearance with Charlie Rose, Maria Alyokhina explained the group’s philosophy: “[Putin] is a person that built his power through the power of fear… Attempts to intimidate us don’t have any result because we don’t want to operate in the system. We want to create a new system where the priority is given to freedom and truth.”

Teenage star Kylian Mbappe gave one of the protestors a high five before she was driven to the ground by security.

71 Republic’s staff will be following this story as it develops and heads to trial.


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