TigerWit joins hands with Liverpool FC and launches blockchain-based trading app

Liverpool FC is the latest addition to the burgeoning list of football clubs who are giving in to the growing lure of blockchain and cryptocurrencies. In a press release published on Monday, the club announced that it is joining hands with UK-headquartered global financial technology company TigerWit Limited as its new official online foreign exchange trading partner. The report goes on to add, “The global partnership will focus on driving forward technological development throughout the UK, Europe, and Asia, where the Reds have vast numbers of fans, providing TigerWit with a high-profile opportunity to increase its brand recognition and visibility and drive downloads of its innovative new trading app, developed with blockchain-based settlement technology.”

Opportunity for TigerWit to use Liverpool's big fan base

The press release noted that as TigerWit becomes Liverpool FC’s official partner, this agreement is a wonderful opportunity for the UK-based company to enhance their brand recognition and awareness. The increased visibility should help increase the number of downloads on TigerWit’s new trading app. The trading app was developed with blockchain-based settlement technology which allows users to access the global markets and trade FX, commodities, metals, and indices online via the application. Billy Hogan, chief commercial officer at LFC said, “We are very happy to add TigerWit as our newest club partner and our official online foreign exchange trading partner. Our worldwide following will generate global exposure for TigerWit, whilst their core markets of the UK, Europe and Asia each have tremendous numbers of Liverpool FC supporters.” “Today is a proud day for TigerWit, we are launching our innovative blockchain-based trading app and partnering with Liverpool FC,” said Tim Hughes the CEO of TigerWit. Hughes went on to add that their innovative blockchain-based settlement system provides users with trust with its security and process efficiency measures. He noted that the trading experience needs to be more transparent for all traders at all levels and backgrounds. Founded in 1892, Liverpool is one of the powerhouses of European football with a huge fan following in Asia and Europe and this latest venture seems to be symptomatic of an ongoing trend among sports powerhouses to join the bandwagon of blockchain and cryptocurrencies. As reported by BC Focus on September 11, Paris Saint-Germain(PSG), the French champions joined hands with Socios.com to launch a token ecosystem, which is the Fan Token Offering (FTO). Socios is backed up by a sports blockchain organization named dubbed chiliZ, who invest on Binance coin. According to the report, they have raised $66 million in funding.

Magpies and Cardiff City also planning to launch ICOs

Liverpool FC is not the only club that making its foray into the world of blockchain and cryptocurrencies, there are others also who are planning to follow suit. According to Fox News reports, Cardiff City and Newcastle United may also look to cryptocurrencies as a new way to raise funds. Both groups are currently speaking to SportyCo, a microfinancing and crowdfunding company about potentially launching an initial coin offering (ICO). See Also: Bitpoint to pay Japanese footballer Honda in cryptocurrency Brazilian football club to initiate an ICO of $20 million Image via Shutterstock Join our Telegram group