Litecoin is Now the ‘Official Crypto’ for Miami Dolphins

Photograph: Litecoin FoundationAccording to a press launched on July 11, 2019, it’s now official that Miami Dolphins, American skilled soccer group endorses Litecoin (LTC) as its “official cryptocurrency.”Litecoin Basis and the Miami Dolphins have additionally partnered with a 3rd social gathering, Aliant Cost, to smoothen crypto transactions for the soccer’s group anticipated 50/50 raffle, which provides half of its income to the Miami Dolphins Basis plus its charitable actions.Buy Raffle TicketsThe transfer will invite new customers of cryptocurrency due to this fact, as a substitute of utilizing fiat cash, the brand new customers will buy raffle tickets with Bitcoin (BTC) and Litecoin (LTC). Moreover, they’ll have the choice to purchase the tickets on-line or by in-stadium kiosks located in Arduous Rock Stadium.Bitcoin and Litecoin share some options in widespread, the technical underpinnings. Bitcoin nonetheless tops the cryptocurrency by market cap with common MC of over $201, whereas Litecoin comes a distant fourth with a complete cap of over $6.37 billion, as per the launched report by Coin360.As a substitute of simply enjoying a duty within the aforementioned raffle, LTC crypto may even function in Dolphin’s in-game branding in addition to the formation of commercial potentialities.Charlie Lee, managing director of the Litecoin Basis and Litecoin creator, expects to make the most of this partnership as an avenue to unfold the notice of LTC and cryptocurrencies to the general public. He stated:“This collaboration propels Litecoin in entrance of an viewers of hundreds of thousands of individuals around the globe at a time the place adoption of cryptocurrencies continues to achieve momentum, and the ecosystem is ready to help real-world use circumstances in methods beforehand not potential. We see this as a robust solution to increase consciousness and educate individuals about Litecoin and cryptocurrencies on an amazing scale.”Public Consciousness About Crypto and TechnologyWhile the trouble is only a minor obligation within the high American skilled soccer group’s money-making technique, the transfer marks the newest try by Litecoin Basis to teach the general public in regards to the expertise and cryptocurrency on the whole.In June this yr, Portuguese sports activities membership SL Benfica launched a fee by cryptocurrency for merchandise and tickets. The sports activities membership partnered with Utrust, cryptocurrency providers to advertise this newest fee various. SL Benfica now accepts each Ethereum (ETH), Bitcoin (BTC) and Utrust’s native token.Final yr, the Litecoin Basis additionally collaborated with Final Preventing Championship (UFC), a extremely credited combined martial arts group, in an settlement to function the Litecoin brand on the battle octagon’s canvas at a sport comprised of a former UFC gentle heavyweight champion.

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