TigerWit, a forex trading platform has recently revealed a new partnership agreement with one of the biggest clubs in the English premier league, Liverpool Football Club. The blockchain startup also announced the introduction of a new trading app backed by blockchain technology aimed at providing clients with access to major global market and trade FX, commodities, metal, and indices.
Liverpool Partners with TigerWit
According to the partnership agreement, TigerWit will be the ‘Official Foreign Exchange Trading Partner of Liverpool FC,’ which is an avenue for the company to build its brand recognition and more prospect for its new trading application which is accompanied by a DLT-based settlement system.
This partnership is one of the most recent of blockchain-based company’s penetration into the European football league; it is undoubtedly an increase in a seemingly symbiotic relationship between the world of sports and that of cryptocurrency. The CEO of TigerWit, Tim Hughes, was quoted saying:
“Today is a proud day for TigerWit, we are launching our innovative blockchain-based trading app and partnering with Liverpool FC. TigerWit believes in a market that does not discriminate or play favourites. We have developed a pioneering blockchain-based settlement system that instills trust by delivering greater security and process efficiency. Trading should be, and can be, more transparent and fair for all traders, regardless of experience or the size of their account.”
While reacting to the new partnership with TigerWit, the Managing Director and Chief Commercial Officer of Liverpool FC, Billy Hogan, stated that:
“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. Through this new partnership with TigerWit, we look forward to marketing activations, which help offer our fans activities and experiences to bring them even closer to the Club.”
Blockchain in World’s Reputable Football Leagues
It has been previously reported that certain blockchain-based companies have secured partnership deals with some football clubs such as; Global online investment platform eToro signing a partnership furnished in bitcoin with seven Premier League clubs namely Tottenham Hotspur, Newcastle United, 2015-16 champions Leicester City, Crystal Palace, Southampton, Cardiff City, and Brighton & Hove Albion.
It was reported that PSG also has plans to launch its own virtual currency which include a token offering serving as an incentive to its supporters via a blockchain network.
Also, Wolverhampton Wanderers, at the beginning of the 2018/2019 season bagged a sleeve partnership with a crypto firm, CoinDeal which runs till the end of the season. Another case of collaboration between a blockchain-based firm and football clubs can be deduced from the speculation that Newcastle United and Cardiff City are negotiating with SportyCo to launch an Initial Coin Offering (ICO).