As the cryptocurrency market continues to grow, so does the list of companies and organizations that are beginning to accept Bitcoin as a form of payment. The latest company to join this list is the Minnesota Timberwolves, who have announced that they will be accepting Bitcoin as payment for tickets and merchandise starting this season.
This is a major move for the NBA team, as they become the first professional sports team to accept Bitcoin.
The Timberwolves are not the only ones jumping on the Bitcoin bandwagon. The Sacramento Kings also announced earlier this year that they would begin accepting Bitcoin for tickets and merchandise.
The Kings are also partnered with BitPay, a leading Bitcoin payment processor, which will help make the transition to Bitcoin payments seamless for both the team and its fans.
With two NBA teams now accepting Bitcoin, it is only a matter of time before other professional sports teams follow suit. The MLB’s San Francisco Giants have already expressed interest in exploring Bitcoin payments, and it is likely that we will see more teams jump on board in the near future.
As Bitcoin becomes more mainstream, we are likely to see more businesses and organizations start to accept it as a form of payment. This is a positive development for the cryptocurrency community, as it helps to legitimize Bitcoin and increase its adoption rate.