Top 5 Sports Organizations Accepting Cryptocurrencies

October 7, 2019

Miami Dolphins


Miami Dolphins is the NFL team that plays in the East division of the American Football Conference. This June, the team that currently occupies the last spot in the AFC East has signed a partnership deal with Litecoin Foundation, thus making Litecoin their “official cryptocurrency.”

The deal has been put into action on September 5, on the day of the commencement of the 2019/2020 NFL season. It stipulates that the supporters of the Dolphins can now purchase tickets to the home games with Litecoin (and Bitcoin, too) as well as pay for the admission to the 50/50 raffle, a charity venture which sees half of all profits transferred to the Miami Dolphins Foundation.     

Dallas Mavericks


The Mavericks is one of the finest and most popular teams in the National Basketball League that won the championship in 2011. On August 13, the team announced that they had added Bitcoin to the list of available payment methods, with BitPay, a bitcoin payment service located in Atlanta, Georgia, carrying out all the transactions. Right now, the Mavs fans can buy match tickets, official jerseys, and other merchandise using BTC. Interestingly, Mark Cuban, the billionaire owner of the team, claims to be a crypto enthusiast, having invested in a number of blockchain projects, including Mercury Protocol.

Mavs became the second NBA team to introduce crypto, with the first one being the California-based Sacramento Kings, which began accepting Bitcoin as a payment for promotional products way back in 2014.   

Glory


Another score for the Litecoin Foundation. This time, Charlie Lee’s marketing talents landed his company a lucrative deal with Glory, an international kickboxing promotion company, headquartered in Singapore, that organizes major competitions in this sport throughout the world. The last one, Glory 68, took place on September 28 in Miami. Within the framework of this partnership, Litecoin had become the League’s official cryptocurrency and one of the available payment methods in the organization’s official online store, where one can acquire merchandise, professional gear, tickets to the kickboxing events, and admissions to the meet-and-greets with fighters.  

Juventus FC


Juventus, also known as the Old Lady, is one of the most distinguished football clubs in the world. It’s a hegemon in Serie A, the Italian elite football league, as it has been winning the championship trophy for eight years in a row. The team chose to acquaint the fans with the blockchain-based products by introducing the official fan tokens, made available through Socios.com, the blockchain platform developed by the company called Chiliz. The fan tokens can be traded against the platform’s native cryptocurrency $CHZ, which has been recently listed on Binance and currently traded at a price of $0.004 per coin.    

S.L. Benfica


S.L. Benfica is one of the oldest and most acclaimed football clubs in Europe. It’s located in Lisbon, Portugal, where the team plays home games at Estadio da Luz. Despite the fact that Portugal isn’t considered as a crypto Mecca, Benfica became the first professional football club to introduce Bitcoin payments that are handled by UTRUST. This June, the Eagles announced that the fans could purchase tickets and official merchandise with Bitcoin, Ethereum, and UTK, the UTRUST’s native token. The decision to introduce crypto was dictated by the management’s intention to apply an innovative e-commerce strategy. 

Author: Alex Paulson for Crypto-Rating.com
Cryptocurrency: Bitcoin
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