According to team president Jonathan Becher, the San Jose Sharks will accept Bitcoin as payment for certain significant transactions next season. Season tickets, corporate sponsorships, and suite leases are all available at the SAP Arena in San Jose.
It’s the product of a collaboration between Sharks Sports & Entertainment, the team’s parent business, and BitPay, a cryptocurrency payment provider.
The Sharks may accept Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, and Dogecoin, as well as five additional stablecoins, through BitPay (GUSD, BUSD, DAI, PAX, and USDC). Unlike PayPal, which converts cryptocurrency to money after each transaction, BitPay allows merchants to accept cryptocurrency straight from the exchange.
After the NBA’s Top Shot NFT market, which sells short video clips connected to tokens on the Flow blockchain, fueled the frenzy for digital collectibles this past winter, professional sports clubs outside of the Bay Area have begun warming up to crypto in recent months.
Way to their crypto-pleasant owner Mark Cuban, the Dallas Mavericks these days started out accepting fee in Dogecoin; the Sacramento Kings now offer a Bitcoin salary option for employees; and cryptocurrency change FTX purchased naming rights to the Miami warmth’s arena, establishing up future cryptocurrency sponsorships.
Furthermore, players in professional leagues have partnered with cryptocurrency companies to convert (at least a portion of) their salaries into cryptocurrency. Tom Brady is a Bitcoin believer.
The Sharks are the latest club to take a (painful chuckle) bite out of the cryptocurrency industry, but they are far from the last.
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