San Jose Sharks Becomes First NHL Team To Accept Bitcoin, Ethereum, Dogecoin

Jun 8, 2021 0 comments

San Jose Sharks has become the first NHL team to accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) for large payments.

What Happened: Jonathan Becher, the president of San Jose Sharks, said on Twitter that his team will initially accept cryptocurrency for season ticket purchases, suite leases and sponsorship deals.

Becher added that using cryptocurrency for smaller purchases such as single-game tickets, food and beverage, and merchandise will be reviewed in the future.

The Sharks will partner with Atlanta-based payment processor BitPay and also accept payments in other cryptocurrencies such as Bitcoin cash (BCH), Wrapped Bitcoin (WBTC), and five U.S. dollar-pegged stablecoins.

The Sharks are already accepting PayPal Holdings Inc. (NASDAQ:PYPL), which has allowed its customers to buy cryptocurrencies since last year. It was reported last month that PayPal will now allow users to withdraw cryptocurrencies to third-party wallets.

“We’re accepting PayPal, so then by definition, we’re accepting cryptocurrency,” Becher said. “Why not embrace it and make it more visible as opposed to just doing it through a third party?”

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