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English Premier League Club Bags Sponsorship From Cyprus-based Coindeal

What’s buzzing around crypto-universe? The Cyprus-based cryptocurrency exchange, CoinDeal’s partnership with English Premier League football club Wolverhampton Wanderers (Wolves) has been a significant event not only for cryptocurrency and blockchain industry but also for the sports world. It is the first time that cryptocurrency exchange platform team-up with a professional football team.

Wanderers will compete in season 2018/19 in the Premier League. Wolves have already won the FA Cup four times and Football League Cup - twice. The upcoming season would be a decent contest for them which they will manage for sure. While it is delightful development that the cryptocurrency exchange platform can become a partner of the English Premier League team; Wolverhampton Wanderers.

Carlos, the CEO of specialized sports social network Olyseum,has suitably positioned to stipulate his deliberations on the mainstream usage of cryptos and whether having a crypto exchange promoted by a football club will onboard more people to crypto.

On that grounds, Carlos recently commented:“Regarded as one of the most-admirable and reputed sports leagues in the world, the English Premier League has the potential to reach millions of people worldwide, and with CoinDeal becoming the very first digital currency exchange platform to feature in the Premiership, it is a step in the right direction for cryptocurrencies in gaining mainstream adoption.”

The CoinDeal logo will feature on all of Wolves’ training kits which should help drive increased awareness and education around CoinDeal and cryptocurrencies in general. If we are to gain mainstream adoption, it’s important that people learn to see beyond price volatility and speculation, and instead focus on the real-life disruptive potential of cryptocurrencies and blockchain.This is a smart, strategic move from CoinDeal and I believe we will see more companies in the blockchain space follow suit.” 

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -90 levels (which is bearish), while hourly USD spot index was at -69 (bearish) while articulating (at 06:35 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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