• The London Lions Basketball Club has partnered with BitPay to accept cryptocurrencies like Dogecoin (DOGE) and XRP for goods purchases.
• This is the first time a professional basketball team has indirectly backed the adoption of popular digital currencies.
• BitPay is helping bridge the gap between traditional businesses and the cryptocurrency ecosystem, similar to what Mark Cuban did with the Dallas Mavericks in 2021.
London Lions Basketball Club Accepts DOGE & XRP
The London Lions, a professional basketball club in the United Kingdom, has taken a tentative step into the crypto realm by forming a partnership with BitPay to accept digital currencies for goods purchases. This marks an important milestone as it is now the first professional basketball team to indirectly back the adoption of popular digital currencies such as Dogecoin (DOGE) and XRP.
BitPay Facilitates Crypto Use By Fans & General Public
BitPay facilitates use of cryptocurrencies by fans and general public who want to purchase team jerseys and accessories. BitPay supports a wide variety of digital currencies including Dogecoin, XRP, Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH).
Bridging The Gap Between Traditional Businesses & Crypto Ecosystem
BitPay is one of most widely used crypto payment systems in Web 3.0 era that helps bridge gap between traditional businesses and cryptocurrency ecosystem. Last year, Spanish Airlines started accepting cryptocurrency payments for airline tickets using BitPay’s platform which has increased number of businesses interested in cryptocurrencies.
London Lions Partnership With Bitpay
The London Lions have partnered with Bitpay which allows them to accept various cryptocurrencies from fans and general public who want to purchase items from their store. This marks an important step forward in mainstream adoption of cryptocurrencies by sports teams following Mark Cuban’s example with Dallas Mavericks last year when they became first NBA franchise to accept DOGE as payment for product sales.
Crypto Adoption Increasing Across Industries
The London Lion’s decision to back Dogecoin, XRP, and other cryptocurrencies might serve as a model for future adoption by mainstream businesses across industries thus increasing global acceptance for crypto payments even further.