FIFA shows interest in developing a FIFA token, US market in consideration

International Federation of Football Association (FIFA) President Gianni Infantino suggested that the organization could develop its own cryptocurrency token.

Infantino did the Remarks While attending at the top of the cryptography of the White House of President Trump on March 7. Beside Trump, Infantino expressed the interest of FIFA to create a digital token to interact with its world fan base.

“FIFA is very, very interested in developing a FIFA room, to do it from here, from America, and to conquer the 5 billion fans of football worldwide,” said Infantino. “If there is someone here who wants to team up with FIFA, we are here, with the United States of America, and we will conquer the world of football with the corner of FIFA.”

The announcement, although lacking in specific details or deadlines, suggests FIFA exploration of blockchain technology as a potential avenue for fans’ commitment and revenue generation. Trump responded positively to Gianni declaring: “This piece can be worth more than FIFA at the end. It could be a coin, in fact. “”

The FIFA token increases 357,000%

After the summit, the confusion of the market led to an increase in an unconvilled cryptocurrency called “FIFA. This part experienced an increase in daily prices of 357,000%, reaching a market capitalization of approximately $ 8.2 million. However, this token has no connection with FIFA.

The recent summit was one of the main stages of a major change in cryptocurrency regulation under the Trump administration.

The main initiatives announced during the event included the creation of an American strategic bitcoin (BTC) Reserve. This approach would create a government cryptocurrency position without requiring taxpayer financing.

Although infant’s announcement has provided few details, this shows FIFA recognition of the potential impact of cryptocurrency on the future of the commitment of sports and fans. The announcement comes in particular when the organization is preparing for the 2026 World Cup that the United States, Canada and Mexico welcome jointly.