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Premier League transfers will soon be done via Bitcoin

Gary Wright

Gary Wright

A leader in financial market innovation based on in depth knowledge of financial markets processes and specialising in data. Creator of business cases for new products and services in financial markets.
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Premier League transfers will soon be done via Bitcoin but experts warn it is a dangerous and unregulated world

Gary Wright, CEO and founder of finance think tank B.I.S.S. Research and an expert in financial innovation, agrees that a top flight player could be transferred using bitcoin within the next year.

He told SunSport that cryptos could help clubs avoid issues around the third party ownership of players, for instance.

However, he believes that bitcoin would not make the transfer market more transparent – in fact he says that at the moment it could have the opposite effect.

“Currently, if you do a player transfer in a traditional currency [such as GBP], then that money has to go through a central clearing agency, such as the FA,” he explains.

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B.I.S.S. Research is an independent research company facilitating Academic Research for Financial Services.

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Gary Wright

Gary Wright

A leader in financial market innovation based on in depth knowledge of financial markets processes and specialising in data. Creator of business cases for new products and services in financial markets.
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