The crypto exchange Binance, it was announced, will be the sponsor of the football team of Argentina. An announcement to this effect was made by Binance recently. The agreement also nominates Binance as the title sponsor of Argentina’s football league for a period of five years.
According to the announcement, an agreement had been signed to this effect between Binance and the nation’s national governing body for football – the Argentine Football Association (AFA).
This is a rather unique development. This agreement is the first of its type with any national football team or league globally. Argentina is a recognized global footballing nation. Its national team has won the world championship of football twice. Lionel Messi, considered by many to be the world’s best player is a member of the Argentinian national team. Lionel Messi also commands a very loyal and large base of fans all over the world.
Speaking on the agreement, Binance said that it hoped through the agreement to help in the development of football in Argentina. It is reported, that the agreement besides the sponsorships also involves the issue of a fan token. It is expected that the fan token will be issued very soon. The agreement and the sponsorship would also help the exchange, cryptocurrencies, and blockchain gain awareness among football fans.
Binance’s support of the national league meant that the sponsorship will help the development of football at all levels of the game. Since Argentinian soccer has a fan base across the world, the spokesperson of Binance, Latin America said that the awareness will spread across the world.
At the same time, AFA also welcomed the agreement. In a statement, the AFA said that the sponsorship would bring in much-needed finances for the Argentinian national team. It would also help the other teams in the national football league. The agreement would help AFA gain access to fans based all over the world since the fans could now procure digital assets from the AFA.