TweakTown
Tech content trusted by users in North America and around the world
5,922 Reviews & Articles | 38,162 News Posts

NBA Sacramento Kings become first pro sports team to accept Bitcoins

The Sacramento Kings will become the first professional sports team to accept bitcoin payment

| Internet & Websites News | Posted: Jan 19, 2014 11:18 am

The Sacramento Kings from the National Basketball Association (NBA) announced it will become the first professional sports team to accept bitcoin as a form of payment. Until March 1, basketball fans can purchase game tickets and merchandise in a "faster and more" secure manner, according to the team.

 

TweakTown image news/3/4/34947_01_nba_sacramento_kings_become_first_pro_sports_team_to_accept_bitcoins.jpg

 

"We are maniacally focused on creating the most seamless experience for our fans in all facets,"said Vivek Ranadive, majority team owner of the Kings, in a press statement. "With BitPay, we are able to implement a technology that allows our fans to make Kings-related purchases without physically reaching into their wallets. A major tenet of the NBA 3.0 philosophy is about utilizing technology for the betterment of the fan experience, and this is yet another step in that process."

 

While the Kings became the first major pro sports team to accept bitcoin payments, expect others to jump onboard as well. If nothing else, other organizations will patiently observe and learn from any technology growing pains that the Kings - and any major business - face when trying to accept bitcoin.

 

BitPay is processing bitcoin payments for the Kings Team Store. The company now supports bitcoin payments for 20,000 merchants, with an average of 1,000 new partner signing up each week.

NEWS SOURCE
Nba.com

Related Tags

Further Reading: Read and find more Internet & Websites news at our Internet & Websites news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases