{"id":60451,"date":"2018-01-25T03:31:36","date_gmt":"2018-01-25T03:31:36","guid":{"rendered":"http:\/\/www.bnreport.com\/arsenal-signs-world-first-deal-to-promote-bitcoin-rival\/"},"modified":"2018-01-25T03:31:36","modified_gmt":"2018-01-25T03:31:36","slug":"arsenal-signs-world-first-deal-to-promote-bitcoin-rival","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/arsenal-signs-world-first-deal-to-promote-bitcoin-rival\/","title":{"rendered":"Arsenal signs world-first deal to promote bitcoin rival"},"content":{"rendered":"

In a world-first for football, Arsenal today signed a landmark deal promoting a cryptocurrency.<\/p>\n

The Premier League outfit has inked an agreement with Cashbet, a blockchain firm planning to launch its own currency to rival the likes of bitcoin, litecoin and ethereum.<\/p>\n

The partnership will see Cashbet given prominent placement at the club's Emirates Stadium during home games.<\/p>\n

Founded in California in 2012, Cashbet is a mobile-first online gaming company. It plans to raise $40m (\u00a328m) through an initial coin offering which can then be used on its gaming platform.<\/p>\n

\u201cWith our ICO for Cashbet Coin, we are actively targeting a global, multi-billion dollar marketplace of iGaming content providers, operators and players," said Cashbet founder Mike Reaves.<\/p>\n

Arsenal chief commercial officer Vinai Venkatesham added: "We are looking forward to working with CashBet Coin as they launch their new cryptocurrency."<\/p>\n

Read more<\/strong>: Spreadbetting chief blasts Ronaldo and attacks \u201ccrazy\u201d football advertising<\/a><\/p>\n

"Crazy"<\/h2>\n

The launch comes after the boss of Britain's biggest spreadbetting company<\/a> hit out at "crazy" levels of financial product advertising during football matches.<\/p>\n

IG Group chief executive Peter Hetherington said: "We think it is absolutely crazy that you can\u2019t watch a football game in this country without seeing advertising for CFDs, FX or binaries all over the football stadiums."<\/p>\n

David Ospina, Jack Wilshere and Nacho Monreal (Source: Arsenal)<\/p>\n

He also slammed Real Madrid superstar Cristiano Ronaldo for fuelling problem investing.<\/p>\n

\u201cThe fact that Cristiano Ronaldo tweeted his 49m followers<\/a> what a great idea it was to open a CFD trading account with a Cypriot shop that sponsored him \u2013 the only thing you can say with certainty is that it was not a good idea for all of those 49m poor souls who follow him,\u201d Hetherington told City A.M..<\/p>\n

Read more<\/strong>: This payments processor is scrapping its support of bitcoin payments<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

CityAM<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

In a world-first for football, Arsenal today signed a landma..<\/p>\n","protected":false},"author":1,"featured_media":60452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-60451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nArsenal signs world-first deal to promote bitcoin rival - Business News Report<\/title>\n<meta name=\"description\" content=\"In a world-first for football, Arsenal today signed a landma..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/arsenal-signs-world-first-deal-to-promote-bitcoin-rival\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arsenal signs world-first deal to promote bitcoin rival - 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