In a player transfer, Brazil’s Sao Paulo team paid Argentina’s Banfield Athletic team over $6 million in USDC as a transfer fee, and the Mexican crypto trading platform Bitso provided technical support for the transaction.
This is the first time the club has accepted cryptocurrencies as a payment method for international transfers. According to reports, Argentina’s unstable exchange rate is the reason for the formation of this transaction. The Argentine central bank source said the deal would be regulated.
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