The Miami Dolphins Now Have an 'Official Crypto' – And It's Litecoin

The American football team has teamed up with the Litecoin Foundation to accept cryptocurrency payments.

Jul 12, 2019 at 9:12 a.m. UTC
Updated Sep 13, 2021 at 9:25 a.m. UTC

American football team the Miami Dolphins have teamed up with the Litecoin Foundation to accept cryptocurrency payments.

Announced by the Litecoin Foundation on Thursday, the partnership will kick off on Sept. 5 – the start of the 2019 NFL season – and sees the Dolphins accept litecoin as their "official cryptocurrency."

In effect, that means that fans at home games at the Hard Rock Stadium will be able to pay with litecoin and bitcoin when buying tickets for the Dolphin’s 50/50 raffle, which gives half of proceeds to the Miami Dolphins Foundation and its charitable causes.

The crypto payments will be made possible by a third partner in the deal, Aliant Payments.

Charlie Lee, litecoin creator and managing director of the Litecoin Foundation, said:

“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.”

While perhaps a minor role in the popular pro football team's money-making machine, the move marks the Litecoin Foundation's latest effort to raise awareness about its cryptocurrency and the technology in general.

Last December, the foundation also partnered with Ultimate Fighting Championship (UFC), one of the leading mixed martial arts organizations, in a deal to display the litecoin logo on the canvas of the fight octagon at an event involving a former UFC light heavyweight champion.

At press time, the price of litecoin is $105, up 3.4 percent over 24 hours, according to CoinMarketCap.

Miami Dolphins image via Shutterstock


Read more about
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
CoinDesk - Unknown
GameStop Unveils Crypto & NFT Wallet, Beeple's Twitter Account Latest to Phishing Scam Hacks and More

The most valuable crypto stories for Thursday, May 23, 2022.

The most valuable crypto stories for Thursday, May 23, 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

CoinDesk - Unknown
3
CoinDesk - Unknown
At Davos, Crypto Is No Longer on the Outside

Cryptocurrencies have taken a prominent role at the World Economic Forum's annual meeting in Davos, despite the mainstream finance world's apparent contempt for the sector.

Cryptocurrencies have taken a prominent role at the World Economic Forum's annual meeting in Davos, despite the mainstream finance world's apparent contempt for the sector.

CoinDesk - Unknown
4
CoinDesk - Unknown
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks

The Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.

The Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.

CoinDesk - Unknown