Houston Texans become 1st NFL team to accept crypto for ticket sales

[Hydrogen]

The Houston Texans enter the crypto realm as the first NFT team in history to accept crypto. The acceptance of crypto is made possible through its recent partnership with the Houston-based crypto wallet platform called BitWallet.

Houston Texans easing the payments with crypto

The partnership will allow fans to use their cryptocurrency for payments to purchase single game suites. The Houston Texans also earn the title of being the first NFL team to sell a suite through crypto payments.

“We are proud to partner with BitWallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites.”

“Digital currency has become a primary means of payment and by partnering with BitWallet, the Texans are leading the way in the NFL.” “I am honored that BitWallet is the first to offer Texans fans this service,” said BitWallet CEO John T. Perrone.

The most recent trend in cryptocurrency initiatives is the sponsorship of sports, including baseball, Formula 1, UFC, football, and eSports. The multi-million dollar expenditures on sports partnerships are primarily intended to increase credibility and fan engagement.

Crypto transactions involving sports clubs and leagues increased by over 100% in 2021 and are anticipated to continue growing in the years to come.

For leagues, clubs, and sportsmen throughout the world, the crypto sector is incredibly valuable. In response, leagues, teams, and professional players are attempting to engage with younger audiences, such as Gen Zers and Millennials, a difficult-to-reach yet crucial demographic for the sports business.

With the soaring adoption of cryptocurrencies and the fact, that they are the fastest and most reliable mode of payment for many as compared to conventional modes of payment, the acceptance of crypto is crucial. Not just by merchants worldwide, but the sports teams and companies accepting crypto for payments are actually easing the whole process for the fans.

https://watcher.guru/news/houston-texans-earn-the-title-for-the-first-nfl-team-to-accept-crypto-for-single-game-suites

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Texas has a strong crypto mining industry powered by their newly constructed wind farms. Accepting crypto for NFL ticket sales will further boost crypto adoption in state.

I would guess florida could be next to accept crypto for ticket sales with the tampa bay buccaneers.

Texas and florida would appear to be two of the most crypto friendly states in the USA.

While new york and california would be the least friendly.

[Doan9269]

This is a goodnews seing the massive adoption over the football sports and their activities, but which of the cryptocurrency was mentioned to be their major coin of acceptance, even though i know that bitcoin being the most recognized amd valuable digital currency eill be among the enlisted coins among other fews, accepting payment in cryptocurrency is an added advantage on both the spectators and the organizers because no one will find a barrier in through the payment process.

[acroman08]

looks like the adaption is further spreading in the sport's big leagues.

anyway, am I missing something? how can they say that millennials and Gen Z are a "difficult-to-reach audience" when the majority of crypto users are either Gen Z or Millenial?

While new york and california would be the least friendly.

it's funny because if I remember correctly the mayor that won in NYC mayoral race used to campaign that he'll be bitcoin-friendly and would push for bitcoin/crypto adoption in the city.

[OgNasty]

I was just reading this article. Pretty awesome that another major sports team is integrating Bitcoin into their operations. I don’t live close enough to Houston for me to try this out but I’m sure other teams will follow along soon enough. Maybe I’ll get to buy Cardinals tickets with Bitcoin before too much longer.

Another day, another place to pay… with Bitcoin.

+1 use case

[South Park]

Texas has a strong crypto mining industry powered by their newly constructed wind farms. Accepting crypto for NFL ticket sales will further boost crypto adoption in state.

I would guess florida could be next to accept crypto for ticket sales with the tampa bay buccaneers.

Texas and florida would appear to be two of the most crypto friendly states in the USA.

While new york and california would be the least friendly.

It will not surprise me if ticket sales for the Houston Texans have been terrible during the last years, it was a team that went from being a playoff team to the laughing stock of the league in just a matter of years, so it seems to me as if this is just a PR move to try to see if they can get some of their fans back, but regardless of their reasons for doing so this is good news for us, as every single business no matter how small or how big that decides to accept bitcoin is a small step forward in bitcoin's path of worldwide adoption.

[carlfebz2]

I was just reading this article. Pretty awesome that another major sports team is integrating Bitcoin into their operations. I don’t live close enough to Houston for me to try this out but I’m sure other teams will follow along soon enough. Maybe I’ll get to buy Cardinals tickets with Bitcoin before too much longer.

Another day, another place to pay… with Bitcoin.

+1 use case

We do need those first step and this should really be done by someone and its true that this is just an another great or good day to know about crypto utility in terms of payment on purchasing ticket.

Doesnt matter on what team or other sayings or issues correlated to them it wont matter.We do just want to appreciate that there are people/organizations/team who do really make out
considerations on making out changes or adding up more options which would be easing out things somehow.

Another day, another adaptation or integration is always been good.

[Rruchi man]

...I’m sure other teams will follow along soon enough.

Another good news is that most likely not just teams but also the likelihood of more  crypto wallets taking initiative from Bitwallet and taking proposals to other sports teams to accept their sponsorship with an option to implement crypto payment for tickets or other things. I am happy about this development as It is a win win for crypto community generally.

[TimeTeller]

...I’m sure other teams will follow along soon enough.

Another good news is that most likely not just teams but also the likelihood of more  crypto wallets taking initiative from Bitwallet and taking proposals to other sports teams to accept their sponsorship with an option to implement crypto payment for tickets or other things. I am happy about this development as It is a win win for crypto community generally.

We will see, it will be a domino effect. If they will see the impact of this move, they will surely follow.
Nowadays, they are seeing that crypto is slowly making a noise when it comes to payment sector.
Some will try to follow what's the hype but if they will see the advantage, they will continue to apply it in other things.
Before we know it, it is already part of the norm seeing crypto as one of the payment methods in most of the merchants surrounding us.

[Yogee]

anyway, am I missing something? how can they say that millennials and Gen Z are a "difficult-to-reach audience" when the majority of crypto users are either Gen Z or Millenial?

You are missing the point. They are talking about younger generations losing interest in NFL that's why they became harder to reach. A quick search on the net and that seems to be true because the average age of game viewers is in the upper 40. Another source says that the number continues to decline every year.
https://twitter.com/paulsen_smw/status/1359295788770332672

They probably think the addition of crypto could bring youngsters back to the sports league since we know it's this group that invest in it the most.

[dothebeats]

anyway, am I missing something? how can they say that millennials and Gen Z are a "difficult-to-reach audience" when the majority of crypto users are either Gen Z or Millenial?

You are missing the point. They are talking about younger generations losing interest in NFL that's why they became harder to reach. A quick search on the net and that seems to be true because the average age of game viewers is in the upper 40. Another source says that the number continues to decline every year.
https://twitter.com/paulsen_smw/status/1359295788770332672

They probably think the addition of crypto could bring youngsters back to the sports league since we know it's this group that invest in it the most.

Sadly, even with crypto added on NFL, the youngsters will still pursue other things and would probably stick to what's popular instead. American football is slowly losing viewership and foothold on the younger generation because a lot of them are inclined on video games and more popular sports instead. I don't think adding crypto as an option for ticket sales is enough to get people interested in football again. There has to be more than integrating crypto: they need to have an effective marketing team to sell the 'beauty' of this sport to other people.

[goldkingcoiner]

The Houston Texans enter the crypto realm as the first NFT team in history to accept crypto. The acceptance of crypto is made possible through its recent partnership with the Houston-based crypto wallet platform called BitWallet.

Houston Texans easing the payments with crypto

The partnership will allow fans to use their cryptocurrency for payments to purchase single game suites. The Houston Texans also earn the title of being the first NFL team to sell a suite through crypto payments.

“We are proud to partner with BitWallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites.”

“Digital currency has become a primary means of payment and by partnering with BitWallet, the Texans are leading the way in the NFL.” “I am honored that BitWallet is the first to offer Texans fans this service,” said BitWallet CEO John T. Perrone.

The most recent trend in cryptocurrency initiatives is the sponsorship of sports, including baseball, Formula 1, UFC, football, and eSports. The multi-million dollar expenditures on sports partnerships are primarily intended to increase credibility and fan engagement.

Crypto transactions involving sports clubs and leagues increased by over 100% in 2021 and are anticipated to continue growing in the years to come.

For leagues, clubs, and sportsmen throughout the world, the crypto sector is incredibly valuable. In response, leagues, teams, and professional players are attempting to engage with younger audiences, such as Gen Zers and Millennials, a difficult-to-reach yet crucial demographic for the sports business.

With the soaring adoption of cryptocurrencies and the fact, that they are the fastest and most reliable mode of payment for many as compared to conventional modes of payment, the acceptance of crypto is crucial. Not just by merchants worldwide, but the sports teams and companies accepting crypto for payments are actually easing the whole process for the fans.

https://watcher.guru/news/houston-texans-earn-the-title-for-the-first-nfl-team-to-accept-crypto-for-single-game-suites

....


Texas has a strong crypto mining industry powered by their newly constructed wind farms. Accepting crypto for NFL ticket sales will further boost crypto adoption in state.

I would guess florida could be next to accept crypto for ticket sales with the tampa bay buccaneers.

Texas and florida would appear to be two of the most crypto friendly states in the USA.

While new york and california would be the least friendly.

Sounds like a great first step for Houston Texans and the crypto community (as well as the crypto gambling community) overall. I really just don't hope that we see another onstorm of regulators trying to spoil the party by trying to get their foot in the door and introducing arbitrary reasons of why crypto and gambling needs to be kept away from each other.

Although why exactly they picked Bitwallet is a bit of a mystery to me. There are way better wallets. But, all roads lead to rome I guess.

As far as the crypto community is concerned, they could possibly help with this new crypto adoption by helping increase credibility and fan engagement as well. The bigger the PR the better.  

[ralle14]

Even though they've been struggling these past few seasons, it's still great to see the Texans take in a crypto partnership and accept crypto payments as another way to buy their tickets.

It makes me curious to see how much people would actually spend their crypto and buy some tickets (maybe not much) but regardless of the numbers I also hope other teams and potentially other leagues will be encouraged to do the same.

[aioc]

....


Texas has a strong crypto mining industry powered by their newly constructed wind farms. Accepting crypto for NFL ticket sales will further boost crypto adoption in state.

I would guess florida could be next to accept crypto for ticket sales with the tampa bay buccaneers.

Texas and florida would appear to be two of the most crypto friendly states in the USA.

While new york and california would be the least friendly.

Having a Crypto mining farm in one state can fast tract adoption of Cryptocurrency, there are a lot of compliance certificates for individuals and companies, and even states to set up a Crypto mining farm, so if they have it in their states people in that states should also promote, usage of Cryptocurrency, its a domino effect, you can't have a legal mining farm with the majority of your constituents not aware or educated about Cryptocurrency, it comes with the territory.

[bittraffic]

There are many crypto-friendly states already, but only a few are doing something like tickets are for sale in exchange for crypto. NY afaik is also crypto-friendly including Miami, all want to be a crypto center but failed to make adoption on the merchant's level. We all want something where people can go and pay using thier mobile wallet so the Houston Texans NFL team is one great initiative.

[Pierre 2]

Very good news for Texans. I think having an option to pay with cryptocurrencies is really good thing for adoption. It is obvious that back in 2015/2016 main drive for price increase was crypto integrated payments. Crypto gambling is also very nice option as it can make people who are less interested to gambling, more into it. I think southern US states are known with their liberty loving nation, they should become flag bearers with crypto.

[TopT3ns]

There are many crypto-friendly states already, but only a few are doing something like tickets are for sale in exchange for crypto. NY afaik is also crypto-friendly including Miami, all want to be a crypto center but failed to make adoption on the merchant's level. We all want something where people can go and pay using thier mobile wallet so the Houston Texans NFL team is one great initiative.

Financial technology is growing, so everyone can use cryptocurrency to make any transactions or payments because all that is needed is the seller accepts payments using cryptocurrency, even though it has not been registered in state regulations I'm sure there are those who have accepted payments using cryptocurrency for those who already understand how to use it . because indeed with cryptocurrency any purchase from any country will be easy to send and of course the cost is very cheap with very high transaction speeds.

[madnessteat]

I haven't used BitWallet crypto wallet which is sponsored by this company, so I can't say anything about it, but selling tickets for cryptocurrency is another step towards wider acceptance of cryptocurrency payments. The more cases like this we see, the stronger the cryptocurrency community will become. And that's very cool.

[maydna]

Hopefully, this is a good start that can help the development of crypto as a means of payment in addition to using fiat or other payment methods. If this is successful, the nearby cities will try to use it and when some cities are also successful in applying it, this will make the adoption process run well. Gradually, this will become a new trend in the world of sports that will open up opportunities for people to get to know crypto more closely.

[yazher]

This is a goodnews seing the massive adoption over the football sports and their activities, but which of the cryptocurrency was mentioned to be their major coin of acceptance, even though i know that bitcoin being the most recognized amd valuable digital currency eill be among the enlisted coins among other fews, accepting payment in cryptocurrency is an added advantage on both the spectators and the organizers because no one will find a barrier in through the payment process.

This is more happening in the sports industry right now because of more money they can really gather if they implement such options in their platforms no matter what kind of sports it is. I am shocked that they are the first team to do it and when this will give them good results, I'm sure the other teams will also follow what they did. a lot has already happened with the cryptocurrencies and I'm pretty sure they already know how to take advantage with it in the sport industries.

[acroman08]

anyway, am I missing something? how can they say that millennials and Gen Z are a "difficult-to-reach audience" when the majority of crypto users are either Gen Z or Millenial?

You are missing the point. They are talking about younger generations losing interest in NFL that's why they became harder to reach. A quick search on the net and that seems to be true because the average age of game viewers is in the upper 40. Another source says that the number continues to decline every year.
https://twitter.com/paulsen_smw/status/1359295788770332672

I see, I guess a lot of youngsters don't see the appeal of watching sports. with the rise of technology, they are probably more interested in the newer things than watching NFL.

They probably think the addition of crypto could bring youngsters back to the sports league since we know it's this group that invest in it the most.

yeah, I think so too. but I doubt adding cryptocurrency payment would bring the result they want in the long run. I mean, I am sure there will be millennials or GenZ that will be interested in trying it out but I doubt it'll bring their interest back in the sport.