The Nigerian Professional Football League (NPFL), operated by the League Management Company (LMC), has struck a multi-year collaboration with Bitnob as an Elite sponsor, making it the league’s sole Fintech partner.
The relationship, according to Bernard Parah, CEO of Bitnob, is a vehicle to reach people who need their business and wealth creation solutions while also allowing the company to contribute to the development of the local league, which is a national asset.
“This relationship brings us to the individuals who need our solutions and lets us work with the NPFL to build our league for additional opportunities,” Parah says. Bitcoin, like football, is about hope, unity, and freedom, and we’re pleased to be a part of inspiring hope and showcasing potential in our own league at Bitnob. Who will believe in what we have if we don’t?”
Bitnob has positioned itself as a pioneer and a company at the forefront of using bitcoin to solve real-world challenges. Bitnob states on her website that one of its fundamental values is crazy, which means they think outside the box, smash barriers and achieve the impossible. Bitnob strengthens this core concept by going where no one else in their business has gone before with this cooperation.
Shehu Dikko, Chairman of the League Management Company (LMC), called the cooperation a marriage of sport and technology that is important to the next chapter of world football after signing the pact.
“We are encouraged to see young people investing in the growth and development of our domestic league.” Football is a big source of national pride, and we believe that combining football and technology is crucial to our country’s future success,” adds Dikko.
Bitnob made history in 2021 by being the first company in Africa to implement the lightning network, a layer 2 bitcoin protocol that allows for instant and nearly free bitcoin transactions for ordinary monetary exchange.
Bitnob was also the first firm in the world to execute the world’s first bitcoin payroll on Lightning, collaborating with Bitwage, and was the first African Bitcoin native company to appear at the world’s largest Bitcoin summit in Miami earlier this year.
Amaju Pinnick, President of the Nigeria Football Federation (NFF), Davidson Owumi, CEO of LMC, Salihu Abubakar, COO of LMC, Danladi Isaac, Chairman of the NPFL Club Owners Association, and Harry Iwuala, LMC Head of Special Projects attended the unveiling ceremony at the Radisson Blu Hotel in Ikeja.
Adenale Osideinde, COO, Isioma Onyegikei, Head of Customer Experience, and Abubakar Nur Khalil, Recursive Capital, a Bitnob investor, were among the Bitnob team members.
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