The NBA’s Brooklyn Nets are considering a number of new payment options that include Bitcoin (BTC) and possibly other crypto assets.
John Abbamondi, CEO of Nets, announces that BSE Global, the team’s parent company, is in discussions with companies in the industry to potentially add crypto-assets, particularly Bitcoin, as a means of payment.
“We’re watching the room very closely. We’re talking to a number of potential partners. It’s a very interesting and exciting place, and I think, especially when it comes to Bitcoin, I think it’s going to stay here.”
Abbamondi says he expects the NBA franchise to make an announcement on the matter “in the coming weeks or months”.
Regarding the networks’ potential partners, Abbamondi says they plan to partner only with the best of the best in the space being created.
“We focus most of all on companies in this area that are very reputable and highly regulated, as we believe that this area is moving so fast that some of the players in this area are not as reputable as others. And so the people we’re talking to are the ones who are so up to speed because if we want to work with anyone in this area, the first thing we want to do is make sure they’re doing their customers right. “
If the New York-based NBA team pushes through its plans to accept crypto for payments, it will become part of a small but growing list of sports franchises hopping in the digital asset realm. In 2014, the Sacramento Kings became the first team to accept BTC in the NBA. The Dallas Mavericks followed in 2019 after they announced they would accept Bitcoin for tickets and merchandise.
In a recent development, the Dallas Mavericks said in March that they are accepting Meme Cryptocurrency Dogecoin (DOGE) for tickets and merchandise.
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Featured image: Shutterstock / Kiselev Andrey Valerevich