The Teal Blue has done it again, becoming the first team in the NHL to accept crypto to get into the tank.
The Sharks form SanJose California, will now join some other major Cali sports teams like the Sacramento Kings, and Oakland Athletic accepting crypto for ticket sales. The Sharks will be teaming up with BitPay to accept a number of crypto payment options including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).
Additionally, five stablecoins that are linked to the US dollar will be accepted (GUSD, USDC, PAX, DAI, and BUSD). Initially, only season tickets and luxury suite leases will be offered for sale via BitPay, with regular game tickets planned for the future. The plan also includes the eventual addition of merchandise and even food sales at the arena.
Initially we'll accept cryptocurrency for season tickets, suite leases, and partnerships. Other use cases – including single-game tickets, F&B, and merch – will be evaluated over time #SJsharks https://t.co/EobIiv3buo
— Jonathan Becher (@jbecher) June 7, 2021
In the long-term, the crypto project could expand even further said team President, Jonathan Becher. “I do think the blockchain will have more of an impact on sports & entertainment than people realize. Also, the team has even entertained the idea of creating Sharks memorabilia as an NFT collection. Beacher stated that this was the next natural step for the team and organization to make after PayPal’s move into crypto.
San Jose reportedly felt much more confident in utilizing it as a payment method considering PayPal is already used by the team’s platform. Becher said in an interview with the Sports Business Journal that, “We’re accepting PayPal, so then by definition, we’re accepting cryptocurrency. Why not embrace it and make it more visible as opposed to just doing it through a third party?”
Within the time of press, the Bitcoin price is $32,756.26 USD with a 24-hour trading volume of $50,771,226,555 USD. Bitcoin is down 7.52% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $613,532,622,713 USD. It has a circulating supply of 18,730,243 BTC coins and a max. supply of 21,000,000 BTC coins.
