The Miami-based, professional American football club Miami Dolphins has reportedly chosen Litecoin (LTC) to be their official digital coin, as announced via a press release on July 11th.
Specifically, apart from Litecoin, Miami Dolphins also announced collaboration with Aliant Payments – credit card processing and international crypto merchant services provider – to facilitate payments, firstly for the team’s 50/50 raffle, with 50% of the money will be given to charity.
Crypto users will reportedly have an option to use LTC and Bitcoin (BTC) to purchase raffle tickets.
The technical foundations of crypto coins LTC and BTC are basically the same. Bitcoin still retains at the top of the chart by market cap, with value figures standing at $201 billion at press time. Litecoin, on the other hand, ranked 4th on the list with a cap of more than $6.37 billion, as revealed by Coin360.
Apart from providing payment support for the above-mentioned raffle, Litecoin will reportedly make its way into in-game brandings of the club, along with numerous other promotional opportunities.
Charlie Lee – Litecoin founder and current MD of the Litecoin Foundation – look forward to provide extensive knowledge regarding LTC and cryptocurrencies to the general audience.
“This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real-world use cases in ways previously not possible. We see this as a powerful way to raise awareness and educate people about Litecoin and cryptocurrencies on a tremendous scale.”