Last week, the Tennessee Titans made historical past after they turned the first team to accept the cryptocurrency bitcoin for funds.
According to Shawn Amick of Bitcoin Magazine, the Titans will accept the cryptocurrency as payment for season tickets, suites, PSLs, sponsorship alternatives with the team, and Nissan Stadium occasions at first.
Down the street, the team hopes to develop it to single tickets, merchandise, and meals and beverage gross sales.
The Titans obtained recommendation on how to make this occur by means of a partnership with Bitcoin Magazine and Nashville-based digital property fund, UTXO Management.
Tennessee is the fourth main sports activities franchise to accept bitcoin as payment, becoming a member of Major League Baseball’s Oakland Athletics and the National Basketball Association’s Dallas Mavericks and Sacramento Kings.
“We’re proud to accomplice with the Tennessee Titans as they begin their Bitcoin journey and provide followers a brand new approach to pay,” David Bailey, CEO of BTC Inc and accomplice at UTXO Management stated. “2022 is a particular 12 months as we proceed to work with skilled sports activities groups to assist educate and additional mass adoption of Bitcoin. The Titans are a high NFL franchise and a pure match for this partnership.”
Bitcoin funds made to the team will undergo a third-party conversion service.