FIFA Clearing House has distributed nearly $1 billion in training rewards to about 7,000 clubs worldwide using traditional financial infrastructure, with $300 million already paid out, according to Techub News citing CryptoBriefing. The system, launched in November 2022, has tripled its payment volume versus the previous setup and does not use blockchain, smart contracts, or stablecoins. Instead, it works with Banking Circle and relies on API-first core banking technology for cross-border payments. The report says the case suggests that in sectors with established regulatory frameworks and institutional participants, conventional fintech rails may scale more effectively than blockchain-based alternatives. New rules are scheduled to take effect in January 2026 and will set a minimum processing threshold of 100 euros.
FIFA Clearing House has distributed nearly $1 billion in training rewards to around 7,000 clubs worldwide through traditional financial infrastructure, with $300 million already paid out, according to Techub News, citing CryptoBriefing.
Since its launch in November 2022, the system’s payment volume has grown threefold from the previous level. It has not used blockchain, smart contracts, or stablecoin technology.
Instead, FIFA Clearing House partnered with Banking Circle and used API-first core banking technology to handle cross-border payments rather than choosing a blockchain-based approach.
According to the report, the case shows that in areas with mature regulatory frameworks and institutional participants, traditional fintech solutions may be more scalable than blockchain alternatives. New rules will take effect in January 2026 and set a minimum processing threshold of 100 euros.
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