Miami Dolphins Endorses Litecoin As It’s Official Cryptocurrency
Miami Dolphins, a American professional football team announcing Litecoin (LTC) as the team’s official cryptocurrency, according to a press release on July 11.
Litecoin and the Miami Dolphins also partnered with Aliant Payments, a crypto merchant services and payment processing firm, so as to allow crypto payments for the team’s upcoming 50/50 raffle, that will reportedly donate half of its revenue to charity.
Cryptocurrency users could buy raffle tickets with LTC and Bitcoin (BTC), online or via in-stadium kiosks at Hard Rock Stadium. Notably, both the tokens have similar technical underpinnings. The number one cryptocurrency by market cap, Bitcoin has a MC of over $201 billion, while Litecoin enjoys a cap of over $6.37 billion clocking in at fourth, as per data provided by Coin360.
Along with playing a role in the raffle, Litecoin will also be a part of Dolphins in-game branding and an array of advertisement opportunities. The creator of Litecoin and managing director of the Litecoin Foundation, Charlie Lee hopes that the partnership could be used as way to educate the public on LTC and cryptocurrencies in general:
“This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real world use cases in ways previously not possible. We see this as a powerful way to raise awareness and educate people about Litecoin and cryptocurrencies on a tremendous scale.”
Recently, Portuguese sports club SL Benfica opened up payments via cryptocurrency for tickets and merchandise in June. The club partnered with Utrust, a cryptocurrency service to facilitate this new payment option. SL Benfica now accepts Utrust’s native token (UTK) as well as BTC and Ether (ETH) as payment options.
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