Bitcoin Goes Professional: NBA Team To Accept Bitcoins

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logo illustration by Invisible Money Documentary

The Sacramento Kings have announced that they will begin accepting Bitcoins.

In a release from the Kings, starting March 1 it will be possible to purchase official merchindice and game tickets using Bitcoins. This would make the Sacramento Kings the first domestic professional sport team to accept digital currency.

Team owner, Vivek Ranadive spoke to ESPN, telling them, “…acceptance of Bitcoin is one step closer to allowingn fans to keep their wallets at home, thanks to what will eventually be a ticketless and cashless environment at the arena.” He went on to say “My kids would go to games and ask why we didn’t accept Bitcoin.”

This would reinforce Ranadive’s promise to lead the Kings into the future through emerging technologies.

The team will not hold a wallet themselves, rather convert the digital currency earnings to USD via intermediary, Bitpay.

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