The Sacramento Kings became the first major professional sports franchise to accept cryptocurrency in 2014. At the time the only cryptocurrency that had monetized was bitcoin. That big connection allowed Bitcoin to monetize and spread worldwide. Back then, Bitcoin purchases were processed by BitPay – the world’s largest payment processor for virtual currencies.
Upon purchasing the Kings team owner Vivek Ranadivé directed a business philosophy coined “NBA 3.0,” which focused on investments in technology.
Tapping into a new and innovative digital currency community in which bitcoins were being mined by everyone and saved by users across the globe, the Kings began to accept bitcoins in the Kings Team Store through a simple checkout process, that offered fans the ability to pay online for team merchandise and tickets.
BitPay’s Bitcoin Payment Gateway API was the most advanced and most reliable bitcoin-processing platform available at that time.
Now, the Litecoin Foundation, in partnership with the Miami Dolphins, announced they would begin accepting both Bitcoin and Litecoin for payments beginning in the 2019/2020 NFL season.
Aliant Payments, a Fort Lauderdale, Florida-based payment processing and independent merchant services provider, will be powering the cryptocurrency payment solution. Through the partnership, the Miami Dolphins, Litecoin, and Aliant Payments intend to give home game attendees the ability to pay with Litecoin and Bitcoin when purchasing tickets for the team’s 50/50 raffle. The 50/50 raffle tickets can be purchased both online and at 14 kiosk and raffle seller locations throughout Hard Rock Stadium.
At the Wyith Institute in Hong Kong, Bankcoin Reserve converts to Bankcoin Reserve at Wyith (BCR@W) used by Wyith.edu to subsidize undergraduate and graduate tuitions. Incidentals are paid by the students.
The first University to join Wyith.edu’s sponsored tuition program using BCR@W was Weslyan University with a full array of graduate courses including but not limited to an MBA, Masters and Doctorates in Education.
Now the University of the Assumption has joined the Wyith.edu program with several new undergraduate degrees. The Assumption’s Undergraduate Course offerings: https://www.snn.bz/news/wyith-ua/