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Sacramento Kings to accept Bitcoin
Posted on 1/16/14 at 9:55 am
Posted on 1/16/14 at 9:55 am
Because hey, every week needs a bitcoin thread and I haven't seen one this week.
Not much of the story here
Not much of the story here
quote:
The Sacramento Kings will become the first pro sports team to accept BitCoin. Great news for all nine of their fans.
The franchise will accept the currency for merchandise and tickets starting March 1, and transactions will be processed through BitPay.
1
Posted on 1/16/14 at 10:17 am to OnTheBrink
Talk about misleading. Transactions will be denominated in dollars, and the exchange risk will be transferred to BitPay. In effect, the Sacramento Kings will accept dollars from BitPay.
Posted on 1/16/14 at 2:13 pm to Poodlebrain
I was about to post this topic and add this question
As a dummy to this currency, what is the advantage of doing this? And what exactly is this bit coin currency backed by? What insurance does the consumer, seller, provider have with this?
As a dummy to this currency, what is the advantage of doing this? And what exactly is this bit coin currency backed by? What insurance does the consumer, seller, provider have with this?
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