The Miami Dolphins, a popular American football team, have recently partnered with the Litecoin Foundation to start accepting cryptocurrency payments.
According to press release published on Thursday, the partnership between the Litecoin Foundation and the Miami Dolphins will become active in the 2019 NFL season and will see the Dolphins start accepting litecoin payments as their “official cryptocurrency.”
This means American football fans will be able to buy tickets to see games at the team’s Hard Rock Stadium using both litecoin and bitcoin through the team’s 50/50 raffle, which gives half of the proceeds to a charitable organization, the Miami Dolphins Foundation.
The cryptocurrency payments are set to be handled by a third partner in the partnership, a payments processing firm called Aliant Payments. The press release touts the partnership will give Litecoin “the ability to tap into one of the NFL’s largest and most passionate fan bases through in-game branding and advertising opportunities at Hard rock Stadium.”
Charlie Lee, the creator of Litecoin and the managing director of the Litecoin Foundation, was quoted as saying:
This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real world use cases in ways previously not possible.
Lee added the Litecoin Foundation sees this is as a “powerful way to raise awareness and educate people” about litecoin and the cryptocurrency space on a “tremendous scale.” Kim Rometo, the vice president and chief information officer of the Miami Dolphins, noted the partnership will provide its guests the ability to enjoy the 50/50 raffle while donating for charity.
The Liteocin Foundation, a non-profit organization looking to help grow LTC adoption, has notably been making progress over the last few months. Back in December, it partnered with the Ultimate Fighting Championship (UFC), a leading mixed martial arts organization, to display the Litecoin logo in a title match.
Recently, litecoin was added to cryptocurrency payments startup Flexa’s SPEDN mobile wallet app, allowing users to pay using the cryptocurrency at over 39,000 merchants.