Cryptocurrency
Messi’s Missing Crypto Millions
Poor old Lionel Messi. It’s not exactly going to plan on the pitch for him yet at PSG. And off it – well let’s say he’s not cracked the crypto game either.
In the summer he agreed to be paid part of his signing-on fee in his new club Paris Saint-Germain’s own fan token. With cryptocurrencies at the start of a record-breaking run, it looked like a sure-fire way for the world’s best footballer to make more millions.
But it hasn’t worked out that way, according to analysis from Cloudbet.com the world’s oldest crypto sportsbook.
Messi’s unexpected transfer from cash-strapped Barcelona was announced on 10th August. He signed up for free, in a move designed to get his huge million-dollar weekly wage off Barca’s books. League bosses were penalising them for their abject failure to keep the club’s deficit within permitted parameters.
The vastly wealthy PSG were so delighted to land the world’s biggest football star that they paid him an interesting signing-on fee.
Part of his “welcome pack”, they said, would be paid in cash as normal, but in a first for football, part of the fee would be gifted to him in PSG fan tokens.
Messi could be forgiven for looking kindly on PSG’s offer. The club’s token had almost tripled in value from the start of August to a record on the day of the Messi announcement.
Traders at Cloudbet took a deeper dive into the deal to assess how the Argentinian maestro’s signing-on fee is looking now.
On 10th August, the PSG token was valued at $49.83.
Media speculation across the continent suggests Lionel Messi was gifted one million euros worth of tokens. On that day the Euro-USD exchange rate was 1.17. So let’s estimate that PSG’s wealthy Qatar owners gave him $1.17m worth of tokens.
Trading at $49.83, this means Messi would have received 23,480 PSG tokens.
So how much money has Lionel Messi made from this deal? Well, as of today things aren’t looking terribly good. The PSG token recently traded at…. $19.02
That defeat by Man City hasn’t helped PSG or it’s cryptocoin’s value.
If Messi had received what is speculated to be one million euros in fan tokens on 10th August, his estimated 23,480 tokens would now be worth… $453,436
Which means if he cashed it in now it would only be worth 40% of what it was worth on the day that he signed for PSG!
American football stars like Aaron Rogers might be in the news for all the wrong reasons right now, but they’ve made headlines for being early adopters of Bitcoin salaries. If Messi had embraced BTC he’d be a lot richer.
Back on 10th August 2021, BTC was trading around $45,600.
And now? It’s at $58,000, a +25% rise. That $1.17m signing-on gift would now be around $1,460,000 – more than a million dollars more than the fee is worth in PSG tokens.
Leading cryptocurrency gaming company PeerGame has announced the launch of its new cashier system – its platform will now be integrated with WalletConnect for seamless, secure, and fast crypto transactions.
The investment in this integration removes intermediaries, offering players a more efficient and user-controlled payment process, with direct wallet deposits and withdrawals for quicker transactions, and further bolstering PeerGame’s security and privacy offerings.
WalletConnect is a feature that enables players to connect their wallets to the platform seamlessly, enabling crypto transactions without centralised payment solutions. This enhances security and privacy, as transactions are made directly from users’ wallets, reducing the risks of third-party custodians and increasing transparency through blockchain’s trustless principles.
This innovative partnership highlights PeerGame’s commitment to decentralised payments, providing players with greater control over their funds and enabling instant, secure transactions. By integrating WalletConnect, PeerGame delivers a future-focused solution, ensuring a more efficient and user-friendly payment experience in the Web3 gaming sector.
Margie Dobrowolski, Project Lead at PeerGame, commented:
“This new integration with WalletConnect offers our players a unique advantage, allowing them to perform seamless crypto transactions directly from their wallets. While other platforms may offer similar features, PeerGame’s integration is a true innovation in the Web3 gaming space, enhancing the overall gaming experience and setting us apart as pioneers in the industry.”
The post PeerGame Introduces Seamless Crypto Transactions with WalletConnect Integration appeared first on European Gaming Industry News.
Cryptocurrency
Slotland Entertainment Rolls out Dazzling New Slot, 8 Crystals, Across Multiple Brands with new Cryptocurrency Integration
Slotland Entertainment is raising the stakes for online casino players with the launch of their dazzling new slot game, 8 Crystals. Available across three major platforms – Slotland, CryptoSlots, and CryptoWins – this visually striking 3×3 Mega Matrix slot with 9 paylines has an array of enticing features, including Free Spins with Wilds, Double Wilds, and a Bonus Game which is triggered by hitting just one Free Spins scatter.
The game’s mesmerizing design features vibrant glowing purple and blue backgrounds, swirling nebula-like clouds, and geometric crystal shapes, immersing players in a world of luxurious, cosmic beauty.
“As a bonus for the launch, Slotland, CryptoSlots and CryptoWins are offering up to 88% Match Bonuses on deposits until April 4th, 2025. Players can also take advantage of a $15 FREE CHIP and other promotions to make their gaming experience even more rewarding!” says Michael Hilary, Slotland Manager.
To celebrate the release of 8 Crystals, Slotland.eu is making waves with its expanded cryptocurrency options. Players can now use Ether (ETH), USD Coin (USDC), and Tether (USDT) to deposit and withdraw funds, making crypto transactions faster, more secure, and incredibly flexible.
- Ether (ETH): As the second-largest cryptocurrency after Bitcoin, Ethereum provides popularity and availability across the crypto world, though transactions can be slower and more expensive.
- USD Coin (USDC): This stablecoin is pegged 1:1 to the US dollar, offering low-cost, fast, and predictable transactions, ensuring a smooth experience for players without the worry of price fluctuations.
- Tether (USDT): With higher liquidity, Tether is widely accepted, making it easy for players to convert or cash out across multiple exchanges.
8 Crystals is sure to be a must-play for any casino enthusiast, so don’t miss out on these incredible bonuses.
The post Slotland Entertainment Rolls out Dazzling New Slot, 8 Crystals, Across Multiple Brands with new Cryptocurrency Integration appeared first on European Gaming Industry News.
BitLine
Bitline and Everi Announce Crypto Liquidity for Choctaw Casinos & Resorts in Industry First Development
Bitline, the only provider for casino chip access directly from cryptocurrency, has announced its first major collaboration in the U.S. casino market, teaming up with Choctaw Casinos & Resorts through its collaboration with Everi’s CashClub, the leading financial access services suit for casino payments. This collaboration introduces cryptocurrency and digital assets as a new source of liquidity for casino patrons and marks the first time that such a functionality has been enabled within the American gaming industry.
Leveraging Everi’s CashClub’s comprehensive payment infrastructure, Bitline’s solution is able to efficiently board, screen and verify patrons looking to leverage their digital assets whilst also allowing patrons to move screened assets into custody within minutes. Bitline’s integration with Everi’s CashClub, will enable the technology for the benefit of Choctaw Casinos & Resorts, and is the first time that such a functionality has been possible in the U.S. regulated casino market.
The collaboration works to cater to the growing demand for greater cryptocurrency and digital asset integration within the casino industry. The collaboration between Bitline and Everi’s CashClub forms a transferable blueprint that offers casino operators and their patrons an alternative way to manage funds, access liquidity, and leverage the benefits of cryptocurrency and other digital assets.
This milestone reflects a strategic shift in how casino operators view and manage financial interactions with their guests. The introduction of cryptocurrency as a liquidity solution provides additional options for guests and lays the foundation for Choctaw Casinos & Resorts as it looks to the future of gaming sector finance, setting a new standard in financial accessibility and convenience.
“Working with Choctaw Casinos & Resorts and Everi’s CashClub to make this a reality is a historical moment for both the casino and blockchain industries. Bitline was conceptualized to advance the gaming sector and offer a wider variety of financial options for the casino industry,” said Richard Jones, CEO at Bitline. “We’re entering an era where digital assets can fundamentally enhance the gaming experience, providing casino operators with a future-ready financial framework that can expand and evolve as the industry does. This collaboration is just the beginning of our vision to modernize casino payment capabilities on a global scale.”
“We are excited to be the first casino in North America to offer our guests another way to play,” said Thomas McDonald, Senior Director of Cage and Credit at Choctaw Casinos & Resorts. “Through our long-term relationship with Everi, a leader in fintech solutions, we will continue to invest in innovative offerings that provide the discerning gaming VIP access to funds in a safe and secure manner.”
The Choctaw Casinos & Resorts integration represents only the first phase of Bitline’s broader mission to bring cryptocurrency solutions to casinos and casino patrons worldwide. As cryptocurrency and digital assets continue to gain traction in the gaming sector, Bitline’s easy to integrate and patented payment model stands poised to become a key player in transforming gaming finance. Future plans include expanding services across other major casinos and gaming markets, both domestically and internationally, establishing cryptocurrency as a new standard feature of the gaming experience.
The solution is to be formally rolled out on March 7, 2025, with the first transaction taking place at Choctaw’s Durant, Oklahoma, location.
The post Bitline and Everi Announce Crypto Liquidity for Choctaw Casinos & Resorts in Industry First Development appeared first on Gaming and Gambling Industry in the Americas.
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