American skilled soccer crew the Miami Dolphins introduced that Litecoin (LTC) is now the crew’s official cryptocurrency, in keeping with a press launch on July 11.
The Miami Dolphins and Litecoin have additionally partnered with Aliant Funds, a crypto service provider companies and fee processing agency, to allow crypto funds for the crew’s upcoming 50/50 raffle, which reportedly donates half of its income to charity.
Cryptocurrency customers will reportedly be capable to purchase raffle tickets with LTC and Bitcoin (BTC), and might accomplish that on-line or through in-stadium kiosks at Onerous Rock Stadium.
LTC and BTC are cryptocurrencies with related technical underpinnings. Bitcoin stays the primary cryptocurrency by market cap with a complete MC of over $201 billion at press time, whereas Litecoin clocks in at fourth with a cap of over $6.37 billion, in keeping with information offered by Coin360.
Along with enjoying a task within the aforementioned raffle, Litecoin will reportedly be seem in Dolphins in-game branding and an array of commercial alternatives.
Charlie Lee, the creator of Litecoin and managing director of the Litecoin Basis, hopes to make use of this partnership as a technique to educate the general public on LTC and cryptocurrencies usually:
“This collaboration propels Litecoin in entrance of an viewers of hundreds of thousands of individuals world wide at a time the place adoption of cryptocurrencies continues to achieve momentum and the ecosystem is ready to help actual world use circumstances in methods beforehand not doable. We see this as a strong technique to elevate consciousness and educate individuals about Litecoin and cryptocurrencies on an incredible scale.”
As beforehand reported by Cointelegraph, Portuguese sports activities membership SL Benfica opened up funds through cryptocurrency for tickets and merchandise in June. The membership partnered with cryptocurrency service Utrust to facilitate this new fee possibility. SL Benfica now accepts Utrust’s native token (UTK) in addition to BTC and Ether (ETH) as fee choices.