With the popularity of Bitcoin and other cryptocurrencies rapidly growing, it is now easier than ever to pay for your favorite sports team’s merchandise. The San Jose Sharks have announced that they will be accepting bitcoin payments from fans who want to purchase merchandise, tickets, and other team-related products.
The San Jose Sharks are the most recent NHL team to announce its acceptance of cryptocurrency as a payment method. The sharks will be using the cryptocurrency Dash, which has a 10% transaction fee, to process the payment to their fans (according to Bloomberg). The team said it plans to use this method of payment until they are able to work out a more efficient way to spend all the cryptocurrency they have received.
The San Jose Sharks recently found a new way to attract fans to their games. The team announced that starting with the 2017-2018 season, tickets to Sharks games will be sold a year in advance of the games. Tickets will be sold in Bitcoin, Dogecoin, and other cryptocurrencies, and will be priced at the day of the game.The famed NHL team San Jose Sharks has joined the list of a handful of sports teams around the world that accept cryptocurrencies such as Bitcoin, Dogecoin and Ethereum for transactions, according to an announcement by club president Jonathan Becher. The team will be working with the cryptocurrency Bitpay to make the move possible.
According to Becher, PayPal’s support for cryptocurrency payments means that the team accepting payments from the financial institution is tacitly accepting cryptocurrencies as well. So instead of going through a third party, the NHL team will implement crypto payments themselves. According to his tweet, We accept PayPal, so by definition we accept crypto-currencies. Why not take it and make it more visible instead of doing it through a third party? Initially, we will accept cryptocurrencies for subscriptions, room rentals and partnerships. Other uses – including single game tickets, F&B and merchandise – will be evaluated over time #SJsharks https://t.co/EobIiv3buo – Jonathan Becher (@jbecher) 7. June 2021 The chairman added that cryptocurrency payments will currently only be accepted for season tickets, venue rentals and partnerships, while noting that other usage options, including single game tickets, F&B and merchandise, will be evaluated over time. This means that the success of the current implementation could lead to the full adoption of digital currency by the team.
Blockchain will affect sports and entertainment – Jonathan Beecher
The NHL team president believes the blockchain industry can have a greater impact on sports and entertainment than it already has. He made this statement in response to a Twitter user who asked him about the likelihood of his team taking NFTs in the future. According to him, maybe. I really think blockchain will have a bigger impact on sports and entertainment than people think. We are already seeing major sports organizations and entertainment industry players using crypto assets as a way to attract more of their fans. Many of these institutions have attributed their entry into the market to the growing demand of their fans. With this initiative, the NHL’s San Jose Sharks have joined the Dallas Mavericks, Sacramento Kings, Oakland Athletics, Southampton F.C. and other professional sports teams accepting bitcoin and other cryptocurrencies.
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The San Jose Sharks are one of the more successful NHL teams, and their financial success is what brought them to accepting cryptocurrency for their merchandise. And why not? The Sharks are one of the most fan-friendly teams in the league, and their rabid fan base is one of the most rabid and dedicated in all of sports. From a business standpoint, cryptocurrency acceptance makes sense: it’s a new way to make money, and buyers are willing to pay a premium for the Sharks’ swag in order to be a part of a new wave in commerce.. Read more about dogecoin value and let us know what you think.
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