Companies Getting More Comfortable Accepting Bitcoin, Other Cryptocurrency
Posted: Apr 26, 2021 2:43 PM CDT by Alabama News Network employees The cryptocurrency has been big with investors trading the digital currency, but has yet to break through with consumers as a common way of buying and selling goods. That could change as more companies are now using Bitcoin. When baseball recently welcomed spectators again, it was the beginning of something new in the home of Oakland A's, California. Fans watched from a season suite paid for with Bitcoin. This marked the first time cryptocurrency was used to buy a Major League Baseball ticket. "We thought starting with the suite sales, which is typically around $ 65,000 a year and Bitcoin is approaching 60,000. We said it was the perfect time to demonstrate this and see if it had some traction" says Dave Kaval, President of Oakland A. Given the team's location, Kaval says, it makes sense that they should be the first professional baseball team to try this out. “Our fans are all over the Bay Ar...