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August 12, 2021 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/MpR6vN5JJxU/soccer-superstar-messi-is-being-partly-paid-in-crypto-by-psg
Soccer Superstar Messi is Being Partly Paid in Crypto by PSG
Lionel Messi's financial package at French soccer club Paris Saint-Germain includes crypto tokens. From a report: Messi signed a two-year deal with PSG this week, with an option for a third, that will net him an annual salary of $41 million plus bonuses, and a reported $30 million signing-on fee. PSG said Thursday that Messi's "welcome package" includes the cryptocurrency "$PSG Fan Tokens." The development has triggered a rally in the crypto tokens that PSG first issued to its fans over a year ago. The $PSG token, created in Jan. 2020 with crypto platform Socios.com, was designed to help PSG build a new fan community. PSG claimed the move to pay the 34-year-old Argentine in crypto positions it as one of the "most innovative and avant-garde brands in sport globally." Cryptocurrencies and crypto tokens are incredibly volatile assets and their value can surge or tank overnight. Critics say that many of these crypto assets are useless in the real world and that regulators will clamp down on them in the coming years.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/MpR6vN5JJxU/soccer-superstar-messi-is-being-partly-paid-in-crypto-by-psg
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