Oxford United

Oxford City set to accept Bitcoin payments

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British club, Oxford City will reportedly allow fans to purchase match tickets, food, and beverages in bitcoin instead of fiat currency. The initiative will see the light of day following a multi-year partnership between the team and the digital asset exchange CoinCorner.

Over the years, the soccer industry has interacted with the world of crypto numerous times. Popular players such as Neymar, David Beckham, Andres Iniesta, and Ronaldinho have displayed their interest in the sector, while, similar to Oxford City, other clubs have embraced digital currencies as a means of settlement.

According to a coverage by BBC, Oxford City joined forces with the crypto platform CoinCorner to become the latest soccer team accepting the primary cryptocurrency as an alternative method for matchday payments as well as food and drinks purchases.

The move is expected to go live this Saturday when the club faces Eastbourne Borough on its home ground Court Place Farm. In fact, as part of the multi-year agreement with CoinCorner, the stadium will be renamed RAW Charging Stadium, while the logo of the company will be embroidered on the back of the players’ shirts.

Oxford City’s Director of Football, Justin Merritt noted that embracing the newest innovations such as bitcoin is vital for the team to “operate as a self-sustaining club” and reflects on its long-term strategies.

“It’s not mandatory for people to engage with our new technology, but we believe in time paying via bitcoin will become the new normal in English football,” Merritt stated.

 

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