Quantcast
Thursday, January 16th, 2014 at 3:30 pm  |  30 responses

Sacramento Kings the First Team Ever to Accept Bitcoin Payments

Dollars and cents are so last century when it comes to paying for stuff at pro sporting events. For the Sacramento Kings, bitcoin is now an acceptable form of currency. From the press release:

Today, the Sacramento Kings announced they will become the first major professional sports franchise to accept Bitcoin, a popular online currency. The bitcoin purchases will be processed through BitPay – the world’s largest payment processor for virtual currencies.

Since purchasing the Kings earlier this year, majority team owner Vivek Ranadivé has directed a business philosophy coined “NBA 3.0,” which focuses on investments in technology, globalization and deep community partnerships. The BitPay relationship marks another manifestation of the 3.0 philosophy in Sacramento.

 

Tapping into a new and innovative digital currency community in which bitcoins can be earned and saved by users across the globe, the Kings have begun to accept bitcoins in the Kings Team Store through a simple checkout process, and will offer fans the ability to pay online for team merchandise and tickets by March 1. With this technology provided by BitPay, Kings fans will be able to purchase Kings merchandise and experiences in a faster and more secure way using bitcoin.

  • Add a Comment
  • Share
  • RSS

Tags: ,

  • http://signup.divinerenergy.com/ Anthony Dixon

    Wow…. Bitcoin is getting real.

  • Dfrance

    Pun intended or nah? lol

  • vINSANITY

    Now boogie can get paid with bitcoins and go shopping on the silk road

  • http://signup.divinerenergy.com/ Anthony Dixon

    lol yea… Its time i start getting some

  • LakeShow

    Silk Road got shut down about a week ago.

  • LakeShow

    I thought Bitcoins were essentially illegal…

  • http://twitter.com/sooperfadeaway nbk

    why?

  • LakeShow

    I mean, I know they aren’t “illegal” per se, but they are going to be illegal before too much longer, and so that’s why I’m surprised a big company like theirs is hopping on the wagon.

    Bitcoins are most related to “the deep web” and the powers that be will not allow us to undermine them for long. But maybe I’m just being some conspiracy weirdo.

  • http://twitter.com/sooperfadeaway nbk

    it’s p2p currency….there is no way to make it illegal as a whole. from what i understand, there are legality issues in terms of businesses using it to buy taxable goods. really the legality issue is related to how the government can make money off of it. in essence.

  • AlbertBarr

    I read an article saying the IRS will soon take bitcoin…I will try and find the link.

  • bike

    In related news, the Knicks are now accepting corn, flour, and muskrat pelts in exchange for tickets.

  • http://signup.divinerenergy.com/ Anthony Dixon

    you can buy land with it in other countries

  • davidR

    i’m not surprised. essentially, there aren’t any laws regarding the exchange of it as a currency. it is pretty damn interesting following it tho

  • AlbertBarr
  • allknowing

    Try months, though a new places to replace it have been created (and taken down)

  • LakeShow

    Yep. But none the less probably will be illegal soon.

  • LakeShow

    Don’t ever leave SLAM bike.

    EVER!

  • Lonely

    Great. Now i got somewhere to spend my millions amassed on Silk Road!!! I’ll invest in SAC!

  • Valerie Steven

    my&nbspco-W­­­­­­օ­­­­­­r­­­­­­κer’s&nbspmother-in-law&nbspΜ­­­­­­а­­­­­­κ­­­­­­℮­­­­­­ѕ&nbsp$­­­­­­­­­61&nbspհ­­­­­­օ­­­­­­υ­­­­­­rly&nbspon&nbspthe&nbspс­­­­­­օ­­­­­­Μ­­­­­­р­­­­­­υ­­­­­­τ­­­­­­℮­­­­­­r.&nbspShe&nbsphas&nbspbeen&nbspout&nbspof&nbspa&nbspј­­­­­օ­­­­­ƅ&nbspfor&nbsp6&nbspΜ­­­­­­օ­­­­­­ո­­­­­­τ­­­­­­հ­­­­­­ѕ&nbspbut&nbsplast&nbspΜ­­­­­­օ­­­­­­ո­­­­­­τ­­­­­­հ&nbspher&nbspр­­­­­­а­­­У&nbspwas&nbsp$­­­­­­­­­21288&nbspjust&nbspW­­­­­­օ­­­­­­r­­­­­­κing&nbspon&nbspthe&nbspс­­­­­­օ­­­­­­Μ­­­­­­р­­­­­­υ­­­­­­τ­­­­­­℮­­­­­­r&nbspfor&nbspa&nbspϜ­­­­­­℮­­­­­­W&nbspհ­­­­­­օ­­­­­­υ­­­­­­rs.&nbspRead&nbspmore&nbspon&nbspthis&nbspweb&nbspѕ­­­­­­і­­­­­­τ­­­­­­℮,…&nbspWW&#87&#46Googleproject2014beautifulmademWq&#46&#113&#114&#x2E&#110&#x65&#x74&#x2F&#x6D&#x4Bl&#x6A/

    ☢☢☢☢ ☢☢☢☢☢ ☢☢☢☢☢☢ ☢☢☢really the legality issue is related to how the government can make money off of it. in essence.

  • pposse

    But will the Kings start to accept the fish currency known as Coinye as their next big move??!

    http://www.theverge.com/2014/1/10/5295956/coinye-cryptocurrency-responds-to-kanye-west-cease-and-desist

  • tmzulater

    Would be funny if the Knicks weren’t among the top ticket selling teams in the league.

  • po

    Leave SLAM forever Lakeshow.

    Forever.

  • http://twitter.com/sooperfadeaway nbk

    lmao it’s not fish currency

  • pposse

    haha yeah i know but i came across that article the other day and it had me rolling. They turned Kanye into a fish! and on top of that they want us as consumers to purchase this internet currency. But i have tried to look up and understand what exactly bitcoin is and I still don’t get it.

  • http://twitter.com/sooperfadeaway nbk

    just think of it like person to person currency. the value it carries is directly related to how much you can get from other individuals for it. and at the moment, other individuals will pay over 1,000 dollars for each coin. — the concept is to create a currency that carries the same value everywhere in the world, without needing to worry about regulations exchange rates

  • pposse

    so for example..im at the Arco Arena and I want to buy 2 hot dogs and they are listed at $8. How do I use my bitcoin to purchase the hotdogs?

    EDIT: Im not trying to give them a whole coin cause the whole coin is worth $1,000. Do they just take a piece of my coin?

  • http://twitter.com/sooperfadeaway nbk

    you can’t.

  • pposse

    so then what can you buy with bitcoins that the Kings have to offer? Season tickets?

  • ARISE CHICKEN

    you continue to be the greatest

  • ARISE CHICKEN

    i hope you are not really this dense.

Advertisement