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.