CoinSpot lists Australia’s first gold and silver-backed cryptocurrency

17m
cryptonewmedia

FATF’s regulations will push criminal activity to privacy coins: CipherTrace CEO

18m
bitcoinwarrior

New Members Added to Ripple’s Regulatory Team, Will Experience Improve the Blockchain Association?

19m
cryptodaily

Flash Crash Sends Bitcoin Price Below Key Moving Average

20m
newsbtc

Crypto Bloodbath: Bitcoin [BTC] Slips to $7.5K; $200 MM Longs Liquidated on BitMEX

25m
coingape

Bitcoin Has Been Hijacked by Communists, Claims BSV Supporter

28m
beincrypto

Bitcoin Price Movement Looks Like ‘Absolute Garbage,’ Claims Analyst

31m
beincrypto

Time to Buy Bitcoin, Stop Yelling about Gold, Says New Grayscale Commercial

37m
utoday

Voyager Digital to pay Users Interest on Bitcoin (BTC) Holdings

40m
cryptonewmedia

Dow Wobbles as Trade War Sinks Its Fangs Into Corporate Earnings

1h
cryptonewmedia

Russia’s Villainy Prevents Call of Duty Launch on PlayStation Store

1h
cryptonewmedia

CZ Claims Vladimir Putin To Be the Most Important Person in Blockchain

1h
cryptodaily

Updating Live: Zuckerberg Hearings Before Congress on Libra

1h
cointelegraph

Bitcoin Drops 2.92%, Now Back to Testing $8,000 Price Level

1h
coininsider

ICO Returns: Class of 2017 Still the Champion

1h
cryptonewmedia

Bitcoin Suisse invests $3 million in CoinRoutes crypto-trading platform

1h
bitcoinwarrior

Bitcoin (BTC): Short Term Bullish Trend Reversal Is Only A Matter Of Time

1h
cryptodaily

Bitcoin Falls Like Clockwork on Futures Expiry Friday

1h
cryptonewmedia

$7.5K: Bitcoin’s Price Tanks to Four-Month Low

1h
coindesk

Hashing Systems set to open name service for Hedera (HBAR) network

1h
cryptonewmedia

Binance Lending Platform Introduces 'Flexible Deposits' for BNB, BTC, and BUSD

1h
cryptoglobe

Bitcoin Halving Price Similarities Outlined by Analyst

2h
beincrypto

Bitcoin Crashes to $7,400 as Crypto Markets Falter

2h
newsbtc

Ripple Adds New Energy To Its Regulatory Team, Joins The Blockchain...

2h
zycrypto

Large Institutional Bitcoin Investors Are On The Rise In Q4 2019 – Report

2h
zycrypto


Miami Dolphins Score Litecoin to Spike Ballin’ Crypto Payments

Litecoin could help boost cryptocurrency to an even broader audience. On Friday, the foundation behind the world’s fourth-largest cryptocurrency announced a partnership with the Miami Dolphins.

The deal makes Litecoin the official cryptocurrency of the American football team and enables cryptocurrency payments for select products.

We are excited to announce Litecoin as the Official Cryptocurrency of the Miami Dolphins! 🏈

Litecoin Foundation is partnering with @MiamiDolphins and @AliantPayment to allow NFL fans to #PayWithLitecoin.

Read more about it here: https://t.co/CD6ja1AQHI pic.twitter.com/RJ09xfRkmz

— Litecoin Foundation (@LTCFoundation) July 11, 2019

Charlie Lee, Litecoin‘s creator and the managing director of the Litecoin Foundation, was positive about the announcement:

We’re thrilled to see Litecoin become the official cryptocurrency of the Miami Dolphins. 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. We see this as a powerful way to raise awareness and educate people about Litecoin and cryptocurrencies on a tremendous scale.

The deal means that Litecoin will enjoy in-game advertising through the team’s Hard Rock Stadium, as well as through its online spaces. This partnership will launch for the 2019 NFL season.

It also means that users will be able to pay with both Litecoin and Bitcoin for the 50/50 raffle. Home game attendees will be able to purchase tickets for the raffle using either cryptocurrency both online and in the stadium, with support from Aliant Payments. Attendees can buy tickets until there are 12 minutes left on the clock in the fourth quarter, with tickets starting at five for $10. Half the proceeds will go to the team’s foundation and related charitable causes.

Unfortunately, there is no word on any other chances to pay with crypto at this stage, but it’s possible that a positive reception will encourage further uses.

The cryptocurrency has seen a surge over this year. Litecoin’s price increased nearly fivefold since December 2018. It’s currently resting at $105.21. Lee claims that Litecoin is the silver to Bitcoin‘s gold, and an increase in adoption may have fueled confidence in the cryptocurrency.

In February, Lee announced that Bob Moore Auto Group would accept the cryptocurrency at their dealerships. The group would use Aliant Payments, the same firm used by the Miami Dolphins.

Bob Moore Auto Group has signed on with @AliantPayment to accept Litecoin at their dealerships! The first to have it will be the #1 dealership in Oklahoma City, @bobmooresubaru1. 🚀

Many thanks to @blackbelt1967 @lisamightydavis @jonnylitecoin @johnkim77! 👏#PayWithLitecoin https://t.co/2U5FRF3vdc

— Charlie Lee [LTC⚡] (@SatoshiLite) February 1, 2019

Part of this increased adoption may be due to low transaction fees. An article last year showed how one holder sent $99 million in Litecoin for just 40 cents.

With the recent announcement of the Litecoin debit card, the payment-focused cryptocurrency could see even more adoption.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments