Litecoin wins a new partnership with the popular American football team the Miami Dolphins. Let’s find out more about it in the latest cryptocurrency news below.
Litecoin is expected to boost other cryptocurrencies to a huge audience after the new partnership with the football team. The foundation behind the fourth largest cryptocurrency announced the partnership so now it is possible for cryptocurrency payments to be conducted for a number of products related to the team. The Litecoin managing director and founder Charlie Lee was very happy about it and stated:
‘’We’re thrilled to see Litecoin become the official cryptocurrency of the Miami Dolphins. 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.’’
The deal means that all Litecoin will have the exclusive opportunity to enjoy in-game advertising through the team’s Hard Rock stadium as well as some other online places as well. The partnership will launch for the 2019 NFL season. This also means that the users will be able to pay with both Bitcoin and Litecoin for the 50/50 raffle. The home game visitors will be able to purchase tickets by using the Litecoin cryptocurrency both online and ad the stadium with the support of the Alliant Payments. The attendees can buy tickets until there are about 12 minutes left on the clock for the fourth quarter. The tickets will start selling for $10. Half of the proceeds will go to the foundation of the team and to charitable causes.
It’s really great news that Litecoin wins s partnership like this one with the Dolphins. The price of the altcoin increased nearly fivefold since 2018 in December. It is currently resting at 5 so Lee claims that Litecoin is the new silver to Bitcoin’s gold.
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He also expects an increase in adoption as noted in the altcoin news previously.
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