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Sports blockchain Chiliz announced on a blog that it has just launched Socios ID and prepaid card for the fan engagement platform Socios.com.
Socios ID is the first blockchain-based ID verification for the sports and entertainment industries and it also serves as $CHZ to FIAT debit card. It aims to give fans and users a global ID number that they can also customize based on the amount of $CHZ they owned to give advantages, reward loyalty, and more benefits.
“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,” said Alexandre Dreyfus, CEO of Socios.com and Chiliz.
“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.”
Socios ID will serve as the Socios.com membership and payment card in one. As a $CHZ to FIAT debit card, it will seamlessly integrate the in-app wallet and can be used to redeem Socios.com rewards and instant access to partner discounts and more.
Chiliz will also be releasing a Socios.com Prepaid Card this summer. It will have both the Social ID details and access to the crypto wallet, so users can spend SCHZ as well as other cryptocurrencies. The launching of the real live debit card aims to allow live transactions of your $CHZ & Fan Tokens. The release will target the European market first, followed by the LATAM, Turkey, and Asia.
Chiliz will release the details of the card issuer at the time of the release. The company is currently reviewing several crypto and non-crypto partners to support the product launch.
Meanwhile, back in September, Spanish soccer Atletico de Madrid has partnered with Chiliz to create fan tokens. The platform would enable fans to score special access to merchandise, information, and experiences.
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