The Sacramento Kings, a team participating in the National Basketball Association, will become the first-ever sports team to allow players to receive their wage in cryptocurrency. The owner of the team, Vivek Ranadive, revealed this in a broadcast from the Clubhouse. He stated that he will formally announce the reimbursement of salaries in Bitcoins this coming week.
Sacramento Kings has been keenly employing cryptocurrencies ever since 2014. The club offers a lot of things for Bitcoins – from match tickets to hot dogs.
In early March 2021, the Dallas Mavericks team from the NBA began offering tickets to matches for Dogecoin. The Bit Pay payment service is applied to manage transactions. Team owner Mark Cuban clarified the decision with the exclamation “because we can.” Being enabled to buy basketball tickets with Dogecoin is fun, boosts engagement, and can generate a great PR, he concluded.
