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FIFA World Cup to Test Cryptocurrencies As Alternate Payment Method

The FIFA soccer World Cup is one of the biggest sports events of the whole world. The last world cup, held in Brazil on 2014, saw an influx of fans of more than three million people that traveled to different cities of this country. The influx of people and tourists that this event attracts puts to the test every single system of the country that holds this important event, from the hotel infrastructure to primary services efficiency. But all of this depends on a single thing: the payment infrastructure.
This time, it will be held in Russia, a country that is under USA sanctions since 2014. The sanctions, in that time, affected the operations of the main credit companies and caused that some banks were unable to process digital payments from Visa or from MasterCard, two of the biggest credit payment providers. This proved the frailty of the existent payment structure. But for this coming World Cup, the businesses, shops, and institutions are taking measures to include cryptocurrencies into their payment methods.
Some hotels have reported that they will be accepting payment in cryptocurrencies in Kaliningrad, a city in that will hold four games of the first phase of the event. Also, you can book your flight to Russia with some airlines that do accept cryptocurrencies, like Destinia and CheapAir, who will let you get in an out of Russia paying with bitcoin. And, during the aftermath of a game, you can buy a beer to chill in a bar while paying with cryptocurrencies. A bar franchise called Killfish has announced that they will be accepting payment also in bitcoins in each of their establishments.
The vulnerability of centralized payment systems was shown earlier this week when the VISA payment network experienced an outage in the UK and other parts of Europe, and the outcome was not happy. The FIFA World Cup will be a great opportunity to prove that cryptocurrencies can be an efficient and quick way of making payments to complement the current centralized system, and to get the spotlight in the near future.

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