Tennessee Titans become first NFL team to accept Bitcoin as payment

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Final week, the Tennessee Titans made historical past once they turned the primary workforce to simply accept the cryptocurrency bitcoin for funds.

In response to Shawn Amick of Bitcoin Journal, the Titans will settle for the cryptocurrency as cost for season tickets, suites, PSLs, sponsorship alternatives with the workforce, and Nissan Stadium occasions at first.

Down the highway, the workforce hopes to increase it to single tickets, merchandise, and meals and beverage gross sales.

The Titans obtained recommendation on the right way to make this occur by a partnership with Bitcoin Journal and Nashville-based digital property fund, UTXO Administration.

Tennessee is the fourth main sports activities franchise to simply accept bitcoin as cost, becoming a member of Main League Baseball’s Oakland Athletics and the Nationwide Basketball Affiliation’s Dallas Mavericks and Sacramento Kings.

“We’re proud to accomplice with the Tennessee Titans as they begin their Bitcoin journey and supply followers a brand new option to pay,” David Bailey, CEO of BTC Inc and accomplice at UTXO Administration mentioned. “2022 is a particular yr as we proceed to work with skilled sports activities groups to assist educate and additional mass adoption of Bitcoin. The Titans are a prime NFL franchise and a pure match for this partnership.”

Bitcoin funds made to the workforce will undergo a third-party conversion service.

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