Receive all Cointelegraph news immediately in Telegram.
Starting May 25, soccer fans will be able to use Bitcoin to not only buy tickets but also fan gear and refreshments such as beer and hot dogs at the San Jose Earthquakes’ Buck Shaw stadium when they host Houston Dynamo on Sunday.
Starting May 25, soccer fans will be able to use Bitcoin to not only buy
tickets but also fan gear and refreshments such as beer and hot dogs at the San Jose Earthquakes’ Buck Shaw
stadium when they host Houston Dynamo on Sunday.
Just a stone’s throw away from Silicon Valley, the ‘Quakes’ are positioning
themselves as innovators in their own right. The San Jose soccer club has teamed
up with the San Francisco-based digital wallet and payment processor, Coinbase, to become the first professional
sports team to accept Bitcoin as a form of payment for tickets, merchandise and
The club president, Dave Kaval said:
"In the spirit of Silicon Valley,
the Earthquakes are constantly looking for ways to innovate. Coinbase's Bitcoin
payment processor adds another cutting edge payment option that further
streamlines the commerce experience for fans."
Coinbase, which recently announced
that they will be giving $10 worth of Bitcoin to students who create an
account, is one of the most established platforms in the Bitcoin economy, which
serves over 30,000 merchants worldwide and processes
over US$15 million worth of bitcoins monthly.
For those wanting to take advantage of the new payment option to buy a cold
beer, for example, fans must have a Bitcoin wallet installed on their mobile
device. Bitcoins will be accepted by the ‘Quakes’ at the ticket gate, the fan
store, and the concession stand where tablets running the Coinbase Merchant app
will be able to scan your QR-code and process the transaction.
Moreover, since the new Bitcoin payment system is entirely software-based, the
process of migrating and implementing it at the Earthquakes' new stadium should be
completely seamless when it is expected to open next year.
It will also be interesting to see if other sports teams such the cross-town
San Jose Sharks will follow suit but offering fans another payment option
certainly won’t hurt sales and may prove to be a boon for business.
Earlier this year, another California-based sports team, the Sacramento Kings, announced that they will accept Bitcoin for merchandise and tickets at their online store via BitPay.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
You registration completed successfully.
Confirmation email sent to email address provided.
One fine body…