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Lionel Messi to secure a section of PSG fee in crypto

Paris Saint-Germain's cryptocurrency is expected to be used to pay Lionel Messi a portion of his signing fee.

Lionel Messi signed a two-year contract with Paris Saint-Germain on Tuesday, following his departure from FC Barcelona in the offseason. After a two-decade career at the Catalan club, the six-time Ballon D’Or winner parted ways with Spain.

As reported by Reuters, PSG confirmed that Fan Tokens would be included in Messi’s “welcome package,” which media reports estimate to be worth €30m (£25m), as for how much of the fee will be paid in Crypto, the club said it would be “significant.”

In January 2020, Paris Saint-Germain introduced Fan Tokens, which can be bought and sold on exchanges and give holders the right to vote on minor decisions made by the club, such as choosing a motivational message for the captain’s armband.

Once it was confirmed, that Messi would be joining Saint-Germain, the PSG Fan Token prices skyrocketed as a result. After reaching a high of $61.23, the price is up 85 per cent this week. On Tuesday, the trade volume reached $657 million in 24 hours, up 4,810 per cent from the previous week.

“I believe this could be the start of a new trend as fan tokens and Socios.com play an increasingly prominent role across sport at the very highest level,” said Alexandre Dreyfus, CEO of socios.com, which provides crypto tokens to PSG and other football clubs.

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