Houston Texans Become First NFL Team To Use Crypto To Sell Game-Suit

Houston Texans become the first NFL team to use crypto to sell their game suit. The action came about from an agreement with BitWallet, a cryptocurrency company BitWallet from Texas, which as of August 16 became the team’s crypto wallet provider.

The Houston Texans will use BitWallet, specifically its middleman service in order to exchange cryptocurrency for cash.

Houston Texans Become First NFL Team Use To Crypto To Sell Game-Suit

It was the first time a game suite has ever been sold in exchange for digital assets in the history of the sport, according to a release from the Houston Texans, who made the first single-game suite purchase using bitcoin right after the offer launched.

It seems that the bitcoin bargain is only available for suites as there has been no mention of being able to purchase regular game day tickets using digital assets at this time.

A game suite is a posh, private viewing area at a stadium that frequently includes banquets, pricey beverages, restrooms, TVs, attendants, and a great vantage point to watch the game.

The Houston Texans don’t offer pricing for single-game or full-season tickets on their website; rather, fans must first inquire in order to secure a suite. The Seat estimated that a single game suite for the team would cost between $14,000 and $25,000, and a representative for BitWallet suggested that the cost may approach $40,000.

BitWallet states that it is supported in more than 160 countries and enables users to hold or trade Bitcoin (BTC). Support for Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB), Tether (USDT), and Bitcoin Cash will be implemented over the coming months (BCH).

NFL And Crypto

The Dallas Cowboys were the first NFL team to do so in April when they reached a multi-year arrangement with Blockchain.com to act as its official digital asset partner.

To launch the NFL All Day NFT collectible program in late 2021, the NFL and the NFL Players Association (NFLPA) also worked with Dapper Labs, the creator of the Flow blockchain. As part of the agreement, the NFL and NFLPA also acquired shares in Dapper, and it is likely that the two earned a fair split of the $36.8 million in sales that NFL All Day has made since February.

A large number of the NFL’s crypto-friendly players, including well-known names like Green Bay Packers quarterback Aaron Rodgers, former LA Rams wide receiver Odell Beckham Jr., and Carolina Panthers quarterback Trevor Lawrence, have chosen to accept a portion of their salaries or contract bonuses in digital assets.

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