The MLB team is now receiving bitcoin as payment for tickets from fans. The President of the team, Dave Kaval, said “We are believers in bitcoin” shortly after collecting payment of Bitcoin.
Oakland Athletics is presently dealing with just Bitcoin but would consider other cryptocurrencies like Ethereum and DOGE “if it catches on”. Speaking on this improvement, Dave Kaval explained that this was a major demand from fans. He says;
“We had heard from our fans that they are interested in paying with crypto, and we have heard it for six or eight months.”
The Baseball team has also taken a decision to sell their products or suites for Bitcoin, though the president confirms that there have not been any transactions yet. Meanwhile, the team has received more than 100 inbound inquires.
“We have until next Thursday to get people on board. I am hopeful we get two or three. There are 10 suites we set aside for this. Hopefully, we get two or three by opening days. We are right at that moment where hopefully it comes through.”
An exciting fact is that Oakland Athletics does not plan to sell the BTC, the team wants to retain any Bitcoin they receive. Earlier this week, Tesla CEO, Elon Musk had made an announcement that Tesla would now accept Bitcoin as payment. He goes on to say that the Bitcoin received will not be converted.
“Hopefully continues to go up. Maybe we can sign some big free agents with some of the proceeds. Who knows.”
Oakland Athletics and Crypto
Oakland Athletics will be making use of the services of BitPay, a bitcoin payment service provider. It also supports the use of Bitcoin Cash, Ethereum, Dogecoin, four USD-pegged stablecoins, and all other cryptos. The team is also accepting altcoins.
Bitcoin asides, Oakland Athletics is like a blockchain and they want to explore Non-fungible tokens (NFTs). The team also has plans to house their fans that are going into full-season beginning with a 20% capacity.
“It will be great to have the energy and excitement. Hopefully, we can build on that and end up with a full stadium by halfway or partially through the year.”