Got some spare Bitcoins that are burning a hole in your digital pocket? Good news! You will soon be able to put them toward watching DeMarcus Cousins and the NBA’s Sacramento Kings.
As of March, the Kings will be the first pro-sports franchise to accept Bitcoins for ticket sales and team merchandise. It’s hard to imagine loads of NBA fans suddenly buying tickets and jerseys using the virtual currency, as the Kings are well aware. But it’s just another big public step for a team that’s trying to be on the cutting edge of tech use in sports.
The Sacramento Kings’ new ownership prides itself on being particularly tech-savvy. “I want to make the Kings the poster child for the use of big data,” Kings owner Vivek Ranadivé recently told National Journal. Hopping on the Bitcoin bandwagon is an obvious nod to that tech culture.
The digital currency is “yet another way” to cater to the team’s tech-oriented fans, says Kings President Chris Granger. At least one group of fans has been explicitly clamoring for the Kings to accept Bitcoins. “My kids would go to games and ask why we didn’t accept Bitcoin,” Ranadivé told ESPN.
As of Thursday morning, one Bitcoin is worth $937.45 USD on Mt. Gox, the self-proclaimed world’s largest Bitcoin exchange. The price of Bitcoin has been quite volatile over the last year, but more and more U.S. businesses are starting to accept the currency. Earlier this month, Overstock.com became the first major online retailer to allow Bitcoin payments.
Next up for the Kings? According to Ranadivé, the team is beginning to explore what it can do with Google Glass.
What We're Following See More »
"A lawyer representing Chris Gard and Connie Yates told the High Court 'time had run out' for the baby. Mr. Gard said it meant his 'sweet, gorgeous, innocent little boy' will not reach his first birthday on 4 August. 'To let our beautiful little Charlie go' is 'the hardest thing we'll ever have to do,' his mother said. Charlie's parents said they made the decision because a US doctor had told them it was now too late to give Charlie nucleoside therapy.
"Eleven states have sued the Environmental Protection Agency over its June decision to delay implementation of a chemical safety rule" until 2019. "The state attorneys general, led by New York’s Eric Schneiderman (D), argue the rule is important for 'protecting our workers, first-responders and communities from chemical accidents' and should be allowed to take affect as planned by the Obama administration’s EPA.
"House Freedom Caucus Chairman Mark Meadows (R-N.C.) on Monday said that funding for President Trump's controversial border wall is unlikely to cause a government shutdown. 'The odds of a government shutdown are very minimal when it comes to that,' the conservative lawmaker said at an event in Washington, D.C. 'I do think the funding of the border wall will happen,' he added. Appropriators have set aside $1.6 billion to fund new wall and fencing sections on parts of the U.S.-Mexico border covering a few dozen miles."