SOCIOS.COM TO RELEASE $CHZ TO FIAT DEBIT CARD AND MEMBERSHIP IN ONE CARD
The Socios.Com Card Is Set To Be Launched This Summer Allowing Fans Of Socios Partners Including Barcelona, Juventus & PSG To Spend Digital Currency + Redeem Rewards Linked To Their Clubs.
February 25th, 2020, Malta: Chiliz (Binance:$CHZ), world-leaders in blockchain based fan engagement, have announced plans to launch a $CHZ to FIAT Socios.com Debit/Membership Card — $CHZ is the digital currency of Socios.com.
The Socios.com Card will be both a membership and payments card, linked to Socios ID — a KYC identity tool that will provide users on their blockchain-based fan voting and rewards app Socios.com with a unique global ID number (XXXX-1234) that can be used to redeem rewards and other benefits.
The Socios.com Card will also allow users to redeem rewards linked to Socios.com, access partner discounts and to seamlessly access their crypto wallet to spend $CHZ and other currencies.
The Socios.com Debit/Membership Card is set to be launched this summer, allowing live transactions of $CHZ & Fan Tokens for all Socios.com partners. Chiliz are targeting 50 IP’s on the Socios.com platform by the end of 2020.
The card will initially be available in the European market followed by LATAM, Turkey and Asia. The identity of the Card Issuer will be revealed when the Socios.com Debit/Membership Card is launched.
It’s been a very active start to 2020 for Chiliz, who have launched Fan Tokens on Socios.com with Paris Saint-Germain, Galatasaray, A.S. Roma & Atlético de Madrid, following on from the first Fan Token Offering (FTO™) with Serie A giants Juventus late last year.
Chiliz also announced new club partnerships with CA Independiente of Argentina and, most notably, FC Barcelona, which generated headlines the world over and over 800+ pieces of news coverage.
The Malta based company boosted their expansion plans by announcing a strategic partnership with sports & entertainment marketing agency Lagardère Sports earlier this month. Chiliz also recently launched Chiliz.net — the world’s first mobile and desktop cryptocurrency exchange for sports & entertainment products.
Alexandre Dreyfus, CEO of Chiliz & Socios.com: “Using blockchain to create one unique ID for fans is an amazing use case especially in the sports and ticketing industries.”
“Our focus is to launch a product that will be used by fans but more importantly will be connected to some of our partners’ ecosystems.
“This will allow fans to be empowered with their Fan Tokens, but also rewarded with $CHZ and benefits thanks to this card. This strategic move is aimed at reinforcing our leadership in blockchain and sports innovation, by using technology to bring the clubs, sports teams & IPs closer to their global fan bases.”
-ENDS-
For Further Information:
Socios.com
Andrew Clarke — Global PR Manager
andrew@chiliz.com
For more information please visit www.socios.com
Notes to editor:
About Chiliz
Chiliz ($CHZ) is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
About Socios.com
Socios.com helps football clubs achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.
