[2021-03-18] CNBC - Oakland A's Offering Luxury Suite Access For One Bitcoin

[dihari]

https://www.cnbc.com/video/2021/03/18/oakland-athletics-president-on-offering-luxury-suite-access-for-one-bitcoin.html

Dave Kaval of Oakland Athletics President, says fans have expressed interest in paying with cryptocurrencies, specifically bitcoin for its luxury suite access.

This man knows how to run a business. Respecting a crypto community and aware of the massive bitcoin believers is one of the best strategy to grow his business.
Afterward, he just make bitcoin become more mainstream.

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[bbc.reporter]

The offer is only open until April 1 and there are only 10 suites available for this promotion according to the interview.

In any case, this is good for bitcoin if the A’s will begin to accept real bitcoins after the promotion. However, bitcoin’s volatility cannot make this longterm sustainable. The A’s acceptance should be made through a processor where they accept the dollars for the payments made in bitcoin.

[dihari]

The offer is only open until April 1 and there are only 10 suites available for this promotion according to the interview.

In any case, this is good for bitcoin if the A’s will begin to accept real bitcoins after the promotion. However, bitcoin’s volatility cannot make this longterm sustainable. The A’s acceptance should be made through a processor where they accept the dollars for the payments made in bitcoin.

That's the answer. Payment gateway processor (with bitcoin payment integration) is the answer of bitcoin volatility that scares merchants to accept bitcoin payment.
Let's say it is a market test, if it going well it's not possible they make it long term.

[Theb]

For something you won't even own? Even if they say that people who purchase it via Bitcoin will have a discount is something that people who have the luxury to spend 1 Bitcoin on a luxury suite more specifically a fan for the Oakland Athletics. I don't know if this is something good or bad but it is definitely on a bad timing for them as most people who have Bitcoin right now are holding it not spending it as it is originally intended to do so. Their market might just be enough for the whales out there interested on spending 1 Bitcoin in their portfolio but this kind of deal definitely is not for the masses.

[bbc.reporter]

The offer is only open until April 1 and there are only 10 suites available for this promotion according to the interview.

In any case, this is good for bitcoin if the A’s will begin to accept real bitcoins after the promotion. However, bitcoin’s volatility cannot make this longterm sustainable. The A’s acceptance should be made through a processor where they accept the dollars for the payments made in bitcoin.

That's the answer. Payment gateway processor (with bitcoin payment integration) is the answer of bitcoin volatility that scares merchants to accept bitcoin payment.
Let's say it is a market test, if it going well it's not possible they make it long term.

There is presently no other method because the volatility is higher than the price of a ticket hehehe. Also to use bitcoin for small payments is also problematic during days of high fees. It appears that many people might be disappointed if they came to bitcoin to use it as a medium of exchange.