Oxford City, one of the oldest football clubs in the United Kingdom, will reportedly let fans pay for match tickets, food, and drinks using bitcoin rather than fiat currency. The project will launch after a lengthy collaboration between the company and the virtual asset exchange CoinCorner.
Oxford City and CoinCorner collaborate
According to a recent report by BBC, Oxford City collaborated with the cryptocurrency marketplace CoinCorner to become the latest soccer team to accept the world’s biggest cryptocurrency as a substitute payment method for matchday sales of food and beverages.
The team’s home field, Court Place Farm, will really be renamed RAW Charging Stadium as part of the multi-year arrangement with CoinCorner, and the company’s logo will be sewn on the back of the players’ shirts.
The director of football at Oxford City, Justin Merritt, stated that the team embraces the most recent technological advancements in order to “operate as a self-sustaining club” and consider its long-term goals. He added:
“It is not mandatory for people to engage with [club’s] new technology, but [it] believes in time, paying via BTC will become the new normal in English football.”
Numerous soccer legends have already joined the digital asset bandwagon in some way. Neymar, a Brazilian striker, purchased two non-fungible tokens (NFTs) from the well-liked Bored Ape Yacht Club collection (BAYC). Moreover, Portuguese football star Cristiano Ronaldo joined hands with Binance as both seek to support engagement with Web3.0 initiatives, as TheCoinRise reported.
Regarding Oxford City’s decision, it’s important to note that many big football clubs have already accepted bitcoins as a form of payment. Examples include the Mexican Tigres, the Spanish RCD Espanyol, and the Brazilian Sao Paulo.
In May, OneFootball raised $300 million in a Series D fundraising round with the intention of expanding the company’s online presence. It plans to utilize the funding to develop new features for its platform and to expand in Web3.