Connect with us

Business

Super Eagles, 23 others to earn cryptocurrency in AFCON

Published

on

Super Eagles players representing Nigeria at the ongoing African Nations Cup (AFCON) in Cameroon will receive payments in cryptocurrency throughout their stay in the tournament.

The Central Bank of Nigeria (CBN) had last year banned trading in cryptocurrency in the country.

Although the Nigerian Football Federation (NFF) will pay the players in Naira for wearing the country’s colours at AFCON, some of them will earn crypto for their exploits in Africa’s flagship soccer tournament due to the involvement of the world’s largest cryptocurrency exchange, Binance, in the tournament.

READ ALSO: Cryptocurrency miners hack Google Cloud accounts

Binance recently sealed a sponsorship deal with the Confederation of African Football (CAF) for the tournament.

Players representing the 24 countries participating in the AFCON are expected to benefit from the largesse.

The Binance Director for Africa, Emmanuel Babalola, who spoke on the development said: “Football is the most popular sport in Africa, one that unites the entire continent and as the leading blockchain ecosystem, we are proud to be an official sponsor of the AFCON tournament. This corroborates our mission to take crypto mainstream across the continent.”

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations