San Jose Earthquakes Kick Off In-Stadium Bitcoin Payments

The Californian soccer team hopes to attract local cryptocurrency fans by accepting bitcoin for tickets, food and merchandise.

May 21, 2014 at 3:12 p.m. UTC
Updated Sep 11, 2021 at 10:47 a.m. UTC

The San Jose Earthquakes, a soccer club from California, is banking on the growing popularity of bitcoin in Silicon Valley as it prepares to launch bitcoin payments at its stadium box office, concession stands and gift store.

Bitcoin integration at the team's Buck Shaw Stadium will take place on 25th May, in time for the Earthquakes' match with Houston Dynamo. Coinbase is acting as the stadium’s bitcoin payments processor, leveraging the exchange’s tablet app to accept payments.

Team President Dave Kaval told CoinDesk that the the organization became interested in bitcoin thanks to nearby Silicon Valley’s strong association with the digital currency, saying:

“We felt that, talking to a lot of our fans, especially in Silicon Valley, there were people who had inquired about whether or not we actually accepted bitcoin in the stadium. That kind of fed off inquiries on our side.”

Bitcoin rollout

San Jose Earthquakes

The Earthquakes are planning on integrating bitcoin payments at a number of key areas at Buck Shaw Stadium. Game attendees can use bitcoin to buy tickets at the box office and additionally will be able to pay for concessions at certain locations and buy merchandise at the stadium gift shop.

Kaval said that while not every point-of-sale terminal will be ready to accept bitcoin on 25th May, he said that more support will be added soon after.

He noted that the Earthquakes team is expecting a strong turnout for bitcoin-using customers, saying that many people in the area are familiar with digital currencies and are looking for opportunity to spend their bitcoins:

“I think we’re gonna have more people than we think. I think it will attract a lot of new fans and people.”

Entertainment role

Kaval suggested that, like credit cards, bitcoin could easily be integrated as an alternative payment method at sports arenas and and other entertainment centres, adding that it’s a matter of allowing the technology to catch on with consumers:

“If you think back to the ’80s or early ’90s, you would go to a lot of places and they wouldn’t accept credit cards. Especially concerts and things like that – it was all cash. So think about how far that’s come.”

Kaval went on to say that integrating bitcoin enables entertainment venues to tap into payment methods that are easiest for customers. Otherwise, venues run the risk of failing to capitalize on that nascent demand.

Other sports clubs have adopt bitcoin as a form of payment this year. In March, Polish soccer club GKS Katowice announced that fans could use bitcoin to pay for tickets and buy merchandise.

At the start of the year, the Sacramento Kings became the first NBA team to begin accepting bitcoin payments. The franchise later opened a bitcoin-only online store.

San Jose Earthquakes soccer image via Photo Works / Shutterstock.com

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Solana, Cardano Tokens Slide Over 9% as Cryptos See Weakness Amid Poor US Consumer Data

Bitcoin lost support at $30,000 as Chinese technology stocks sold off on Thursday amid earnings worries a day after hawkish comments from the U.S. Federal Reserve.

Bitcoin lost support at $30,000 as Chinese technology stocks sold off on Thursday amid earnings worries a day after hawkish comments from the U.S. Federal Reserve.

2
Institutional DeFi Enabler? Data Firm Kaiko Probes DEX Liquidity With New Product

The data feed unpacks what’s what in Uniswap, SushiSwap, Curve Finance and Balancer asset pools.

The data feed unpacks what’s what in Uniswap, SushiSwap, Curve Finance and Balancer asset pools.

3
US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials

The 5th Circuit Court of Appeals found that the targets of SEC enforcement actions had their constitutional rights violated by the use of in-house judges.

The 5th Circuit Court of Appeals found that the targets of SEC enforcement actions had their constitutional rights violated by the use of in-house judges.

4
First Mover Asia: Pine Wants to Test the Liquidity of the NFT Market; Cryptos Are Well-Red

The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.

The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.