Italian Soccer Champion, Inter Milan, Secure $100 Million Crypto Partnership Deal

Investments are always dangerous, but some experts believe Cryptocurrency is one of the riskier options available. Digital currencies, on the other hand, are among the hottest commodities.

Despite the inherent dangers, the crypto market and the blockchain sector continue to expand. Unsurprisingly, investors are increasingly able to obtain institutional-grade custody services as much-needed financial infrastructure is being constructed. Professional and individual investors are gradually gaining access to the tools they need to manage and protect their cryptocurrency holdings.

Inter Milan, the reigning Italian soccer champion, have partnered with blockchain startup Zytara Labs. Inter will be able to develop digital collectibles for fans all over the world as a result of the partnership, which will provide users of the club’s mobile app access to crypto items.

FC Internazionale Milano and Zytara Labs made an announcement on Thursday that they had signed a multi-year product collaboration agreement worth €85 million ($100 million) with the help of the Digitalbits Foundation. Inter’s ambition to reach out to an audience that is more digital, global, and diverse in age ranges would be aided by the collaboration, according to the companies in a news statement.

The Italian soccer company intends to use the XDB coin to accept crypto payments in its stadiums, as well as online and in its physical stores throughout Milan. The partners have stated that they want to use the Digitalbits blockchain to construct digital player cards and non-fungible tokens (NFTs) for the Nerazzurri’s global fan base. Alessandro Antonello, CEO of Inter Corporate, said:

“While digital-first experiences are vital for all sports clubs, our partnership aims higher. By leveraging Zytara digital banking and blockchain technology, we will be able to enhance our global reach towards younger and digital-savvy audiences.”

Following the partnership, the Digitalbits brand will become the European football team’s new sleeve sponsor, according to the conditions of the collaboration. In all official domestic and international matches, the cryptocurrency’s logo will feature on all Inter shirts for men’s and women’s first teams, as well as the Primavera and youth sides. Zytara and the Digitalbits blockchain were founded by Al Burgio, who stated:

“Our collaboration will position Inter as one of the most technologically advanced and forward-thinking clubs in the world. We’re thrilled to partner with the reigning Italian champions and a club with such a rich history.”

Inter and Zytara’s cooperation will be commemorated with limited edition Nerazzurri items, which will be available by the end of the month. Inter supporters will be able to make a crypto purchase using the XDB token as part of the purchase.

This isn’t the first time the Italian soccer Lega Serie A has had a sponsorship contract like this. AC Milan, Inter’s city rival, signed a long-term business partnership with Bitmex in early August, putting the crypto exchange’s insignia on Milan’s jerseys. Inter Milan’s “official sleeve and crypto trading” partner is Bitmex.

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