Sacramento Kings to Accept Bitcoin
SACRAMENTO, Calif. - 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.
"We are maniacally focused on creating the most seamless experience for our fans in all facets," said Ranadivé. "With BitPay, we are able to implement a technology that allows our fans to make Kings-related purchases without physically reaching into their wallets. A major tenet of the NBA 3.0 philosophy is about utilizing technology for the betterment of the fan experience, and this is yet another step in that process."
BitPay's Bitcoin Payment Gateway API is the most advanced and most reliable bitcoin-processing platform, both key reasons the Kings chose to partner with BitPay.
"We make it easy for businesses like the Sacramento Kings to accept bitcoin as a form of payment both in-person and online," said Tony Gallippi, co-founder and CEO of BitPay. "As the first professional sports team to accept bitcoin, the Sacramento Kings continue to show that they are at the intersection of sports and technology."
For more information, visit www.kings.com.
Print This Article
Placer County News HeadlinesWhy We Dumped AT&T for T-MobileAT&T Dumped for T-Mobile: It's never hard to find dissatisfied customers when it comes to any of the major cell phone service providers. An Internet search quickly uncovers...
Ford Escape: A Refined Compact SUVA year ago, Ford did the logical thing - redesigning the popular Escape, something that hadn't been done since 2008. The result: a much improved sport utility vehicle.
TahoeSkiWorld.com Covers Lake Tahoe Ski SceneJeffrey Weidel has recently introduced a new website TahoeSkiWorld.com that provides stories, photos, videos and social media coverage of Lake Tahoe's 15 diverse ski resorts.
Proposed Auburn Costco Terms Under ReviewAuburn, CA -- The Placer County Board of Supervisors will review key financial terms Tuesday for a prospective ground lease agreement with Costco Wholesale Corp. that include a company contribution to help
Indigenous Peoples Days in Rocklin March 19-22Rocklin, CA--Sierra College's Native American Club, the New Legacy Committee, the Sierra College Press and Heyday Books will cosponsor a four-day event: Indigenous Peoples Days during its Yomen Weda or Spring Equinox Festival
Beth Gaines Announces Re-Election BidROSEVILLE- Small business owner and State Assemblywoman Beth Gaines (R-Roseville) announced her bid for re-election to California's Sixth Assembly District.
Roseville Company Partners in $39 Million Apartment CommunityBased in Roseville, USA Properties Fund Inc. debuted the Mayfair Court - a 93-unit apartment community at 65 McCreery Avenue in San Jose on March 6.
Placer County Water Agency Meets Stewardship CommitmentsManaging California's complex water storage and delivery system is a never-ending balancing act between supply, demand, and environmental considerations, especially during a severe water shortage.
Safeway and Albertsons Announce Merger AgreementSafeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC ("AB Acquisition") will acquire all outstanding shares of Safeway
Roseville Crime Report Digest (3-6-14)The Roseville Police Department crime report digest March 6, 2014.
Plane Crash in Placer County UpdateA plane crash approximately 3-4 miles south by south east of the Truckee Airport. The decedent is 55 year old Darla Farnell.
Placer SPCA Seeks 2014 Hero Awards NominationsRoseville, CA - Placer SPCA is seeking nominations for the 2014 Hero Awards, to be presented at the 13th annual Funny Bones Comedy and Awards Night on Friday, April 25.