Spanish Football Club Makes First Crypto Pro Transfer

Bob Coiney

January 20, 2021

A Spanish football club has made the first crypto pro transfer of David Barral, who is a seasoned player in La Liga and a former Real Madrid B footballer. 

A news post on Sportbible claimed that the 37-year-old footballer has officially made the transfer with Segunda B side DUX Internacional de Madrid. The transfer happened during this week and was done entirely through bitcoin. 

Bitcoin is a virtual or digital currency that makes use of peer-to-peer technology. It enables facilitating the instant payments for making purchases. David Barral is a former Real Madrid B and Levante striker to become the first-ever player to complete a transfer entirely done using crypto.

Instablog9ja is a news portal for the latest on bitcoin, lifestyle, entertainment, and fashion had this to tweet on David Barral getting paid in bitcoin.

The club, which is part of DUX Gaming – an eSports club owned by footballers Borja Iglesias and Thibaut Courtois, has not yet disclosed the deal’s total value, but the move for Barral was ‘made possible’ by the Spanish club’s sponsor with Criptan.

Barral was purchased by DUX Internacional de Madrid, previously known as Inter Madrid. They stated that the transfer was made thanks to their sponsor Criptan, that is a Valencia-based crypto company.

DUX Internacional de Madrid has not said anything about the transfer payment and the kind of crypto asset that was used. David Barral is now 37, was released in the market by Racing de Santander, a second-tier Spanish side, and the fee is usually the signing-on fee. 

They are paid normally to free-agent transfers. However, the first bitcoin transfer in football took place in 2018. Ömer Faruk K?ro?lu, a Turkish footballer, was transferred to Harunustaspor. They claimed that it was a publicity stunt to get the name of the club in international media. 

Inter Madrid was purchased by DUX Gaming, a Spanish e-sports firm, and remained to DUX Internacional de Madrid. CryptoAdventure says that Criptan is a local platform for the sale and purchase of cryptocurrency. 

Barral said that he is glad to be part of Inter Madrid and compete. In December last year, 2020, Russell Okung of the Carolina Panthers became the first athlete in America to be paid in bitcoin. Okung, who received half of his NFL salary in bitcoin, is encouraging other players to follow his lead.