- The Tennessee Titans will be the first NFL team to accept bitcoin as payment through a third-party conversion service.
- Initially, this functionality will only extend to large, recurring payments or services.
- The Titans hope to expand bitcoin payments to purchases of single tickets, merchandise, and in-game food and drink.
The Tennessee Titans announced today that they are now the first NFL team to accept bitcoin for key investments through a third-party conversion service. Establishing this partnership allows fans to gift bitcoins for payment of season tickets, sequels, PSLs, and sponsorship opportunities with Titans and Nissan Stadium events. Titans and Nissan Stadium Events.
Initially, the Titans will only allow bitcoin for larger purchases and recurring payments, but the team hopes to open the initiative to allow the purchase of one-time tickets, merchandise, and in-game food and drink sales. .
Bitcoin Magazine and UTXO Management, a Nashville-based digital asset fund, offered close guidance through a partnership with the Titans to bring this feature to the team.
“We are proud to partner with the Tennessee Titans as they begin their Bitcoin journey and offer fans a new way to pay,” said David Bailey, CEO of BTC Inc and Partner at UTXO Management. “2022 is a special year as we continue to work with professional sports teams to help educate and drive the mass adoption of Bitcoin. The Titans are one of the best franchises in the NFL and a natural fit for this partnership.
Joining the ranks of MLB’s Oakland Athletics and the NBA’s Sacramento Kings and Dallas Mavericks, the Titans will be the first NFL team to accept bitcoin.