American professional football team the Miami Dolphins declared that Litecoin (LTC) is currently the team’s official cryptocurrency, per a release on July 11.
The Miami Dolphins and Litecoin have conjointly partnered with Aliant Payments, a crypto merchant services and payment process firm, to enable crypto payments for the team’s approaching 50/50 raffle, that reportedly donates 1/2 its revenue to charity.
Cryptocurrency users can reportedly be ready to purchase raffle tickets with LTC and Bitcoin (BTC), and might do thus on-line or via in-stadium kiosks at hard Rock stadium.
LTC and BTC are cryptocurrencies with similar technical underpinnings. Bitcoin remains the amount one cryptocurrency by market cap with a complete rate of over $201 billion at press time, whereas Litecoin clocks in at fourth with a cap of over $6.37 billion, per knowledge provided by Coin360.
In addition to enjoying a task within the said raffle, Litecoin can reportedly be seem in Dolphins in-game disapproval and an array of advertisement opportunities.
Charlie Lee, the creator of Litecoin and director of the Litecoin Foundation, hopes to use this partnership as how to coach the public on LTC and cryptocurrencies in general:
“This collaboration propels Litecoin ahead of an audience of millions of individuals round the world at a time wherever adoption of cryptocurrencies continues to realize momentum and therefore the ecosystem is ready to support world use cases in ways antecedently not possible. We tend to see this as a robust way to raise awareness and educate folks regarding Litecoin and cryptocurrencies on an amazing scale.”
As antecedently reported by Top Market Group , Portuguese sports club SL Benfica opened payments via cryptocurrency for tickets and merchandise in June. The club partnered with cryptocurrency service Utrust to facilitate this new payment choice. SL Benfica currently accepts Utrust’s native token (UTK) additionally as BTC and Ether (ETH) as payment options.
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