eToro is a Limassol, Cyprus headquartered digital assets exchange and trading firm. It has used a collaboration with SportQuake to forge a partnership with the English Premier League now. Seven of the British soccer clubs will team up with eToro and Bitcoin to invest BTC in the league. The teams will get investments in a number of products and services. Chief among these are LED displays, tickets, and interviewing, to name a few.
The teams with which eToro will make the sponsorships cover the length and breadth of England and Wales. These are Newcastle United, Tottenham Hotspur, Crystal Palace, Southampton, Leicester City, Cardiff City, and Brighton & also Hove Albion. This makes eToro the very first company to use Bitcoin to pay for partnerships with Premier League teams. The Premier League believes that blockchain will upend the football world in a positive way.
eToro and BTC Go Back Nearly Five Years
eToro kicked it all off when they adopted BTC in a pioneering move back in January of 2014. Consequently, this launched Bitcoin trading on various pairs for the three million account holders at the time. Early 2017 saw the firm reveal it would include trading in XRP, ETH, and also LTC. The brokerage firm did not fully endorse the three altcoins though. They would not allow their members to withdraw such digital assets, only to trade them on the exchange platform.
eToro’s Cryptocurrency Moves Bring the Island Nation of Cyrpus Into the Digital Assets Universe
Cyprus’s eToro had an impressive year in the cryptocurrency sector. As recently as May of 2018, the firm revealed that it had released its cryptocurrency exchange. This included a wallet service included. The exchange and information platform has also since announced a variety of new digital assets. These include Bitcoin Cash, DASH, Ethereum Classic, Stellar, EOS, and NEO.
Only two days ago, the brokerage firm revealed that it had secured IOTA (MIOTA) on the exchange platform as well. Additionally, MIOTA is the eleventh biggest digital asset on the planet as measured by market cap at Coin Market Cap.
Want the latest crypto news? Join our Telegram Channel