As Bitcoin adoption continues to grow across the world, the European Squash Federation (ESF) has announced that it is incorporating Bitcoin into its activities.
With this move, the European Squash Federation has become the first major sports federation in Europe to embrace Bitcoin.
As part of this initiative, the ESF Board of Directors will follow the BTC strategy of many leading global institutions, holding Bitcoin as an asset on its balance sheet. In addition, the ESF will facilitate the use of Bitcoin (BTC) for both incoming payments and outgoing transactions wherever deemed appropriate.
Otto Kalvø, Vice President of the European Squash Federation, said the following about the Bitcoin move:
“By embracing Bitcoin, we are not only modernizing our financial approach, but also providing new opportunities for engagement and support within the squash community.
We believe this will open doors for innovation and growth.”
“With this bold step, ESF aims to inspire other sports federations to explore new ways to leverage digital technologies for the benefit of athletes, fans and the wider sports community.”
https://twitter.com/EuropeanSquash/status/1883878919444816276?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank
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Author: NixCoin
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