[Blockchain Today Reporter Park Yohan] Pro baseball team Oakland Athletics is the first team to sell tickets in cryptocurrency in the US major leagues as Seasonal Suite tickets of 6 people are on the cryptocurrency asset platform Voyager Digital. It is, Cryptonews reported.
The inclusion of Bitcoin (BTC) and other crypto assets could provide the necessary financial stimulus for the league. The U.S. Baseball League reported that last year’s pandemic had reduced its income to $4.5 billion.
Known as A’s last month, the team set a price tag of 1 BTC for the season package, allowing fans to spend cryptocurrency on tickets. At the time of local media coverage (09:42 UTC), BTC traded at $58,941, up 1.6% during the day.
“Cryptocurrency is a viable and practical currency model, and we know other forward-looking companies and individuals will come to Voyager to buy tickets,” said Dave Kaval, president of A’s.
Voyager CEO and co-founder Steve Ehrlich announced that the site is “planning to be shared with a wider customer community beyond the Bay Area.”
On March 14 and the day after A;s launched the plan, the team received inquiries from more than 60 people who expressed their interest in using their cryptocurrency for the season’s sweets. Cabal told The Wall Street Journal last month that most of them represent Silicon Valley companies.
In an interview with Bloomberg TV, the club said it plans to hold it in cryptocurrency rather than convert it to fiat currency.
“We believe and hope to continue,” Caval said.
A’s is MLB’s first team to accept cryptocurrency payments, but recent developments show a growing interest in other North American professional sports leagues. NBA’s Dallas Mavericks and Sacramento Kings paved the way for adoption of cryptocurrency trading in the basketball league.
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