Chilliz weds Binance for mass cryptocurrency adoption

Recent news suggests that Chiliz and Binance are collaborating to make leading football clubs try out crypto space.

Chiliz is a renown virtual currency for sports and entertainment platforms, and Biance is a blockchain software development company.

2019 has been the year of unique collaborations in the crypto space. The main purpose of this collaboration is to make different groups integrate themselves into the crypto space.

Chiliz markets itself as the cryptocurrency that runs numerous platforms and products which are backed up by the blockchain technology and aimed at the mainstream community. This concept is at work on the tokenized fan controlled application called Socios.com.

Many football clubs have teamed up with Socios.com for the sake of providing their fans with a variety of options to support interaction football clubs.

With Binance’s partnership, Chiliz has access to the Binance community. Alex Dreyfus is the chief executive officer of Chiliz and Socios.com. He commented on the partnership saying that Binance’s partnership gives us access to the binance community.

The binance community is the largest and most present community in the whole crypto space. Through Socios.com the blockchain technology is getting immense recognition.

Socios.com is believed to be a safe option for the leading brands globally to try out their luck in the crypto space. This will help in widescale blockchain adoption, causing the adoption rates to skyrocket.

The chief executive officer of Binance Changpeng Zhao commented on the partnership as well. He stated that hobbies and sports are a good way to spread awareness among the masses about the potential and benefits of blockchain technology. He is happy that binance is taking the lead in making this happen.

Socios.com uses $CHZ, and the collaboration with Binance will allow Chiliz to support the integration of blockchain into the product. The official announcement for the collaboration is due on 27th and 28th May.