{"id":221259,"date":"2018-01-25T16:42:56","date_gmt":"2018-01-25T14:42:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=221259"},"modified":"2018-01-25T16:45:37","modified_gmt":"2018-01-25T14:45:37","slug":"arsenal-becomes-first-major-sports-team-to-partner-with-a-cryptocurrency","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/221259\/arsenal-becomes-first-major-sports-team-to-partner-with-a-cryptocurrency\/","title":{"rendered":"Arsenal becomes first major sports team to partner with a cryptocurrency"},"content":{"rendered":"

Arsenal football club has signed a sponsorship deal with the US cryptocurrency CashBet, which will see the Premier League club promote the firm\u2019s initial coin offering (ICO) at the 60,000-seat Emirates stadium.<\/p>\n

According to a report by The Guardian<\/a><\/strong>,\u00a0the deal is the first time a major global sporting team has officially partnered with a cryptocurrency firm.<\/p>\n

“We are pleased to welcome CashBet Coin as our partner. We are looking forward to working with CashBet Coin as they launch their new cryptocurrency,” said Arsenal CCO\u00a0Vinai Venkatesham.<\/p>\n

CashBet said it was delighted to be able to secure a deal with Arsenal as the firm is \u201cactively targeting a global, multibillion-dollar marketplace of i-gaming content providers, operators and players”.<\/p>\n

Following the announcement, UK\u00a0Prime Minister Theresa May on Thursday promised to consider clamping down on cryptocurrencies bitcoin as she raised concerns that cryptocurrencies are being used by criminals.<\/p>\n

\u201cIn areas like cryptocurrencies, like Bitcoin, we should be looking at these very seriously,\u201d May said in a television interview in Davos with Bloomberg.<\/p>\n

Action on cryptocurrencies may be needed \u201cprecisely because of the way they are used, particularly by criminals,\u201d she said.<\/p>\n

\n

Read:\u00a0Bitcoin forking craze to rise in 2018<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The deal is the first time a major global sporting team has officially partnered with a cryptocurrency.<\/p>\n","protected":false},"author":10,"featured_media":221261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[12761,26],"class_list":["post-221259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-arsenal","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=221259"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221259\/revisions"}],"predecessor-version":[{"id":221271,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221259\/revisions\/221271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/221261"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=221259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=221259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=221259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}