The Miami Dolphins, American professional football team announced that Litecoin (LTC) is now the team’s official cryptocurrency. This they did via a press release.
The Miami Dolphins and Litecoin have also partnered with Aliant Payments, a crypto merchant services and payment processing firm, to enable crypto payments for the team’s upcoming 50/50 raffle. The team donates half of what they get from this to charity.
Cryptocurrency users will reportedly be able to buy raffle tickets with LTC and Bitcoin (BTC) either online or via in-stadium kiosks at Hard Rock Stadium.
LTC and BTC are cryptocurrencies with similar technical underpinnings. Bitcoin is the number one cryptocurrency by market cap with a total MC of over $201 billion at press time, while Litecoin is the fourth with a market cap of over $6.37 billion, according to data provided by Coin360.
Charlie Lee, the creator of Litecoin and managing director of the Litecoin Foundation, hopes to use this partnership as a way to educate the public on LTC and cryptocurrencies in general. He said:
“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.”