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Miami Dolphins to Endorse Litecoin as Teams Official Cryptocurrency

American skilled soccer group the Miami Dolphins introduced that Litecoin (LTC) is now the group’s respectable cryptocurrency, in step with a press liberate on July 11.

The Miami Dolphins and Litecoin have additionally partnered with Aliant Bills, a crypto service provider products and services and fee processing company, to permit crypto bills for the group’s upcoming 50/50 raffle, which reportedly donates part of its income to charity.

Cryptocurrency customers will reportedly be capable of purchase raffle tickets with LTC and Bitcoin (BTC), and will achieve this on-line or by means of in-stadium kiosks at Arduous Rock Stadium.

LTC and BTC are cryptocurrencies with identical technical underpinnings. Bitcoin stays the number 1 cryptocurrency by way of marketplace cap with a complete MC of over $201 billion at press time, whilst Litecoin clocks in at fourth with a cap of over $6.37 billion, in step with knowledge equipped by way of Coin360.

Along with taking part in a task within the aforementioned raffle, Litecoin will reportedly be seem in Dolphins in-game branding and an array of commercial alternatives.

Charlie Lee, the writer of Litecoin and managing director of the Litecoin Basis, hopes to make use of this partnership so to train the general public on LTC and cryptocurrencies generally:

“This collaboration propels Litecoin in entrance of an target audience of tens of millions of folks around the globe at a time the place adoption of cryptocurrencies continues to achieve momentum and the ecosystem is in a position to toughen actual international use circumstances in techniques in the past now not conceivable. We see this as a formidable solution to lift consciousness and train folks about Litecoin and cryptocurrencies on an incredible scale.”

As in the past reported by way of Cointelegraph, Portuguese sports activities membership SL Benfica spread out bills by means of cryptocurrency for tickets and products in June. The membership partnered with cryptocurrency carrier Utrust to facilitate this new fee choice. SL Benfica now accepts Utrust’s local token (UTK) in addition to BTC and Ether (ETH) as fee choices.

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