Arsenal, one of the most established clubs in English football, signed a sponsorship deal with CashBet.
For the first time, a big football team formally formed a business alliance with a crypto money company, while business world leaders voiced concerns about people taking risks with crypto currencies. Arsenal describes CashBet Coin as "the first official crypto money partner".
Arsenal's CCO Vinai Venkatesham commented, "We are pleased to welcome CashBet Coin as our partner. We look forward to working with the new crypto currency, "he said. Cashbet plans to earn between $ 40 million and $ 70 million from the crypto money venture. CashBet Coin will initially be priced at 50 cents in the mobile application.