A SCOTS cryptocurrency has struck a landmark sponsorship deal with a Premiership rugby team.
The organisation behind Scotcoin – Scotland’s first digital currency – has struck what is thought to be the first cryptocurrency sponsorship deal in Scottish rugby.
Scotcoin is now a sponsor of Glasgow Hutchesons’ Aloysians (GHA) rugby union club.
The team, based in Giffnock, East Renfrewshire, play in the top tier of Scottish Club Rugby, and will display signage carrying the Scotcoin logo around the club’s ground, Braidholm.
The company believes that the new deal “underlines the burgeoning ties” between sporting associations and the world of digital assets.
Scotcoin’s community interest company (CIC) seeks to use the cryptocurrency as a force for good, supporting a range of charitable and community projects that boost Scotland’s ambitions for a fairer and greener society.
This is part of what the company says is its commitment to keep community, environmental and social aims at its core.
Earlier this year, Scotcoin announced its plans to publicly list by trading exclusively on ProBit Global, an international exchange.
Gordon Adams, vice president at GHA RFC, said:“We are excited about the new relationship with Scotcoin, which introduces the club to digital currencies.
“The senior squad and club would like to record their gratitude to Scotcoin and look forward to promoting and endorsing the brand among the Scottish rugby community.”
Temple Melville, CEO of the Scotcoin Project CIC, added: “It’s great to be the first cryptocurrency sponsor in Scottish rugby.
“Scotcoin’s CIC was established to use cryptocurrency as a force for good, creating impact across a range of projects and communities.
“This link with GHA represents an exciting crossover between cryptocurrency and a sports club central to the local community.”
