American experienced football staff the Miami Dolphins declared that Litecoin (LTC) is now the team’s formal cryptocurrency, according to a press launch on July 11.
The Miami Dolphins and Litecoin have also partnered with Aliant Payments, a crypto merchant expert services and payment processing organization, to enable crypto payments for the team’s approaching fifty/fifty raffle, which reportedly donates 50 percent of its income to charity.
Cryptocurrency end users will reportedly be equipped to acquire raffle tickets with LTC and Bitcoin (BTC), and can do so on line or by means of in-stadium kiosks at Difficult Rock Stadium.
LTC and BTC are cryptocurrencies with similar complex underpinnings. Bitcoin continues to be the quantity one particular cryptocurrency by marketplace cap with a complete MC of in excess of $201 billion at press time, while Litecoin clocks in at fourth with a cap of in excess of $6.37 billion, according to information delivered by Coin360.
In addition to enjoying a purpose in the aforementioned raffle, Litecoin will reportedly be show up in Dolphins in-sport branding and an array of ad alternatives.
Charlie Lee, the creator of Litecoin and handling director of the Litecoin Basis, hopes to use this partnership as a way to teach the community on LTC and cryptocurrencies in standard:
“This collaboration propels Litecoin in front of an viewers of hundreds of thousands of people about the planet at a time wherever adoption of cryptocurrencies proceeds to get momentum and the ecosystem is equipped to assistance real planet use scenarios in ways previously not probable. We see this as a powerful way to increase recognition and teach people about Litecoin and cryptocurrencies on a remarkable scale.”
As previously reported by Cointelegraph, Portuguese sports activities club SL Benfica opened up payments by means of cryptocurrency for tickets and merchandise in June. The club partnered with cryptocurrency service Utrust to aid this new payment selection. SL Benfica now accepts Utrust’s native token (UTK) as properly as BTC and Ether (ETH) as payment options.