Tags: BIZNEWS | BNALL | BNCOPY | BNSTAFF | BNTEAMS | BUSINESS | COS

Bitcoin Now Accepted by Soccer's Earthquakes in Pro Sports First

Monday, 19 May 2014 12:29 PM

May 19 (Bloomberg) -- Fans of the San Jose Earthquakes beginning May 25 can pay for tickets, merchandise and concessions with Bitcoin, making the Major League Soccer team the first professional sports franchise to accept the virtual currency inside its stadium.

“In the spirit of Silicon Valley, the Earthquakes are constantly looking for ways to innovate,” team President Dave Kaval said in a statement.

The team has partnered with San Francisco-based Coinbase Inc. to bring processing to Buck Shaw Stadium.

Fans will need a Bitcoin wallet on a mobile device to make purchases.

Bitcoin is a software protocol that was created anonymously in 2009 under the name Satoshi Nakamoto. Bitcoins are traded like commodities, and promoted by backers as a currency, which can now be used to buy food, clothing and even luxury houses.

The National Basketball Association’s Sacramento Kings in January became the first pro sports team to accept Bitcoins.

The franchise owned by software billionaire Vivek Ranadive partnered with payments-processor BitPay Inc. to accept the digital money in the Kings online team store, which sells jerseys, T-shirts and paraphernalia.

To contact the reporter on this story: Scott Soshnick in New York at ssoshnick@bloomberg.net To contact the editors responsible for this story: Michael Sillup at msillup@bloomberg.net Jay Beberman

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Personal-Finance
BIZNEWS, BNALL, BNCOPY, BNSTAFF, BNTEAMS, BUSINESS, COS, CPNYCNT1, FIN, FINNEWS, FRXDIGITAL, GEN, GENCURZ3, GENNEWS, GENTOP, GENTOPZ3, HLNOVEL, HLNOVELTY9, INDUSTRIES, INTNEWS, MAJOR, MISC, MLS, MLSNEWS, MLSQUAKES, NAFOOT, NBAALL, NBAKINGS, NBATEAMS, NEGATIVE, NOVEL, NOVELTY9, NYX, ONWEB, ORIGINAL, OTSPORTS, READ, SOCCER, SPNACURZ2, SPNATOP, SPNATOPZ2, SPORTBIZ, SPORTMED, SPORTS, SRCRANK1, STFILT268, TEC, TIMECO, TIMENI, TMT, TOP, TOPSPT, USBNX, USCURZ6, USSPORTS, USSTORY, USTOP, USTOPZ6, WWCURZ6, WWTOP, WWTOPGEN, WWTOPZ6
209
2014-29-19
Monday, 19 May 2014 12:29 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved