Cryptocurrencies have entered pretty much every industry. Prominent basketball team, Brooklyn Nets is the latest one to embrace digital assets.
The emergence of cryptocurrencies has put the market on a pedestal. The crypto-verse has caught the attention of many throughout the years. Crypto’s relationship with basketball goes way back as teams like Sacramento Kings have been accepting Bitcoin since 2014. BSE Global, the parent company of Brooklyn Nets, became the latest firm to announce its interest in Bitcoin.
Brooklyn Nets to accept BTC for merch and tickets
The New York Daily, recently reported that BSE Global would be inclining towards the crypto industry. The CEO of Nets, John Abbamondi pointed out that the team would soon be accepting BTC as a possible payment method in the near future. He noted that the basketball franchise would make announcements pertaining to the same in the next few weeks or months.
Bitcoin’s recent downfall has left the entire community in shock. Despite this massive slump, people were seen buying the dip. The Nets seem to be making this announcement right when the market is not in very good shape. While revealing that the basketball team had been engaging in conversations with several partners, Abbamondi added,
“We’re watching the space very closely. […] It’s a very interesting and exciting space, and I think particularly with regards to Bitcoin, I think it’s here to stay.”
Furthermore, the CEO also suggested that the firm was extremely cautious while choosing potential partners as “some of the players in this space are not as reputable as some others.”
Speaking about Bitcoin, Abbamondi pointed out Bitcoin’s potential in becoming a “force for good in the minority community.” The evolution of the crypto industry, from being associated with the dark web to growing into a $2 trillion industry has caught the eye of many. The CEO of Brooklyn Nets has joined this list as he sees “enormous potential” for the king coin.
Apart from Bitcoin, Dogecoin has been garnering a lot of traction, particularly in this sport as Dallas Mavericks, as well as Houston Rockets both, accept the altcoin.