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Significant sponsorship from cryptocurrency exchange Bitso and Sao Paulo

In 2021, whilst cryptocurrencies reached their peak, inventory markets additionally got here to the fore with crucial sponsorship agreements. Whilst such a lot of those deals had been in the box of sports, football clubs that appeal to hundreds of thousands and thousands also took the lead.

Binance and Socios’ fan token movements, FTX and Crypto.com’s Components 1 and NBA offers, while crowds followed. branches have come below the dominance of crypto foreign money exchanges.

here is Bitso, one in all the real inventory exchanges in the Latin The United States area, signed a 3-12 months sponsorship settlement with Sao Paolo, one among the largest football clubs in Brazil. The reliable commentary on the topic was once additionally made these days.

Talking in regards to the sponsorship settlement, Bitso’s marketing supervisor Jose Molina stated that the identify Bitso will appear on the Sao Paolo jersey and a Bitso field can be created within the membership’s stadium. No information was once given concerning the a part of the jersey where the Bitso emblem will likely be located. Molina additionally stated that fanatics can also buy tickets and membership products through paying with cryptocurrencies.

“The purpose is to be the biggest in Brazil”

Manager Molina mentioned that Bitso’s objective is to develop into the largest inventory trade in Brazil, most effective 30 on this country lately.

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The stock market also hired former Fb employee Vaughan Smith in August as a part of its growth strategy in Brazil.

In May 2021, the inventory market it become the primary ‘Unicorn’ cryptocurrency change in the Latin American area with an funding of 250 million dollars.

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