Litecoin might assist increase cryptocurrency to an excellent broader viewers. On Friday, the muse behind the world’s fourth-largest cryptocurrency introduced a partnership with the Miami Dolphins.

The deal makes Litecoin the official cryptocurrency of the American soccer workforce and permits cryptocurrency funds for choose merchandise.

Charlie Lee, Litecoin’s creator and the managing director of the Litecoin Basis, was constructive concerning the announcement:

Weโ€™re thrilled to see Litecoin change into the official cryptocurrency of the Miami Dolphins. This collaboration propels Litecoin in entrance of an viewers of tens of millions of individuals all over the world at a time the place adoption of cryptocurrencies continues to achieve momentum and the ecosystem is ready to assist actual world use instances in methods beforehand not potential. We see this as a robust solution to elevate consciousness and educate folks about Litecoin and cryptocurrencies on an incredible scale.

Litecoin Reaches Sports activities Followers

The deal signifies that Litecoin will take pleasure in in-game promoting by way of the workforce’s Onerous Rock Stadium, in addition to by way of its on-line areas. This partnership will launch for the 2019 NFL season.

Litecoin, Miami Dolphins
Litecoin might be featured prominently throughout the workforce’s dwelling stadium and on-line platforms. | Supply: Shutterstock

It additionally signifies that customers will be capable to pay with each Litecoin and Bitcoin for the 50/50 raffle. Residence sport attendees will be capable to buy tickets for the raffle utilizing both cryptocurrency each on-line and within the stadium, with assist from Aliant Funds. Attendees can purchase tickets till there are 12 minutes left on the clock within the fourth quarter, with tickets beginning at 5 for $10. Half the proceeds will go to the workforce’s basis and associated charitable causes.

Sadly, there isn’t a phrase on another probabilities to pay with crypto at this stage, however it’s potential {that a} constructive reception will encourage additional makes use of.

Litecoin Funds Hit the Mainstream

The cryptocurrency has seen a surge over this yr. Litecoin’s value elevated practically fivefold since December 2018. It is at the moment resting at $105.21. Lee claims that Litecoin is the silver to Bitcoin’s gold, and a rise in adoption could have fueled confidence within the cryptocurrency.

In February, Lee introduced that Bob Moore Auto Group would settle for the cryptocurrency at their dealerships. The group would use Aliant Funds, the identical agency utilized by the Miami Dolphins.

A part of this elevated adoption could also be as a result of low transaction charges. An article final yr confirmed how one holder despatched $99 million in Litecoin for simply 40 cents.

With the current announcement of the Litecoin debit card, the payment-focused cryptocurrency might see much more adoption.

Read the original article here