The professional football team – Tennessee Titans – will reportedly become the first NFL club to accept bitcoin as a means of payment. Fans will be able to purchase subscriptions and sponsorship opportunities through the primary digital resource.
The first NFL team to get on the BTC bandwagon
It is safe to say that the cryptocurrency industry has engaged in numerous niches in recent months, including the sports sector. Several digital asset companies have partnered with major football clubs. For one thing, the world’s leading cryptocurrency exchange, Binance, has become a global sponsor of the Argentine national football team.
The National Basketball Association (NBA) is another example. Last year, Mark Cuban’s club, the Dallas Mavericks, allowed fans to purchase tickets and merchandise products in digital assets.
According to a recent report, the latest sports entity to join that list is the NFL team – Tennessee Titans. The football team will be the first to allow bitcoin payments for season tickets, seeds, PSL and sponsorship opportunities. At a later stage, the team plans to extend the initiative and enable the purchase of single tickets, merchandise, and in-game food and beverage sales via the leading cryptocurrency.
Tennessee Titans partner in the move is UTXO Management, a Nashville-based digital asset fund. Speaking on the matter was David Bailey – Company Partner:
“We are proud to partner with the Tennessee Titans as they begin their Bitcoin journey and offer fans a new way to pay. 2022 is a special year as we continue to work with professional sports teams to help educate and promote the mass adoption of Bitcoin. The Titans are one of the best franchises in the NFL and a natural fit for this partnership.”
Despite being the first to embrace BTC for payments, Tennessee Titans isn’t the only NFL team tied to the cryptocurrency world. In May 2021, the New York Giants partnered with the largest digital asset manager Grayscale. Following the collaboration, the latter became the “Presenting Sponsor” of the four-time Super Bowl winner.
NFL players who are passionate about cryptocurrencies
It is worth mentioning that some of the NFL stars are proponents of the asset class. In November last year, Green Bay Packers quarterback Aaron Rodgers promised to convert part of his $ 33.5 million salary into bitcoin, describing the asset as the “future of money.”
Last Christmas, Michael McCorkle “Mac” Jones played the role of Santa Claus for his team (the New England Patriots) in a rather unusual way. He gave bitcoins to 12 of his teammates.
Arguably the most popular name in the NFL – Tom Brady – is also a proponent of cryptocurrencies. In April 2021, he got into the non-fungible token craze by releasing his NFT platform called Autograph. Soon after, Brady took a stake in cryptocurrency exchange FTX, becoming an ambassador for the company.
Several months later, the seven-time Super Bowl winner said he would like to receive part of his earnings in Bitcoin, Ethereum or Solana tokens.