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Harunustaspor: Turkish club becomes first ever to sign a player using Bitcoin

TURKEY

Harunustaspor: Turkish club becomes first ever to sign a player using Bitcoin

Harunustaspor, an amateur Turkish club, completed the signing of Ömer Faruk Kıroğlu using the Bitcoin cryptocurrency, becoming the first club to do so.

GEOFFROY VAN DER HASSELT

AFP

Harunustaspor, an amateur Turkish club, completed the signing of Ömer Faruk Kıroğlu using the Bitcoin cryptocurrency.

Harunustaspor, a Turkish amateur league club from Sakarya, completed the signing of 22-year-old Ömer Faruk Kıroğlu for 0.0524 bitcoin - €440 at the current conversion rate - becoming the first ever football team to pay a player’s transfer fee using the Bitcoin cryptocurrency.

A first in football

Harunustaspor’s chairman, Haldun Şehit, declared that the move was the first of its kind by a sports club.

"This is a first for me and for the world," Kıroğlu added, "as the chairman said, we are doing something new. I am open to new things."

Kıroğlu, who joined his new team-mates after the signing ceremony early today, said that he is open for innovations.

Turkish government warn about Bitcoin

Bitcoin has been on a very volatile track over the last few months. In the run-up to Christmas, the cryptocurrency climbed from around €4,000 at the start of November to a high above €15,320 in December.

In recent weeks the Bitcoin saw its fall back to around €8,000, with daily movements between 5% and 10%.

The Turkish government has warned about the risks of using the cryptocurrency, claiming it carries risks as no legal foundations are available for transactions.

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