- The Tennessee Titans will be the first NFL team to accept bitcoin as payment.
- Season tickets, suits, PSLs and sponsorship opportunities will be among the focus of large and recurring payments as the initiative is rolled out.
- The Titans hope to extend bitcoin payments to single-tickets, merchandise and at-game food and beverage purchases.
The Tennessee Titans have officially announced they will be the first NFL team to accept bitcoin for key investments.
Season tickets, suits, PSLs and sponsorship opportunities will be available for fans to purchase with bitcoin at the Titans and Nissan stadium events.
“At the Tennessee Titans we’re always striving to be a tech-forward, innovation-first, and data driven business,” said Senior Vice President/Chief Marketing and Revenue Officer, Gil Beverley. Accepting bitcoin is part of an overarching goal to make our fans a top priority and remain on the cutting-edge of their needs and what the market demands.”
Initially the Titans will only allow bitcoin for larger purchases and recurring payments, but the team hopes to open up the initiative to allow the purchase of single-tickets, merchandise, and at-game food and beverage sales.
“Bitcoin is taking professional sports by storm and we’re proud to leverage that movement by establishing another way for fans to engage with our team and brand,” said Beverly. “We host a variety of amazing events on the biggest stage in Nashville, so we look forward to offering new ways to pay.”
Bitcoin Magazine and UTXO Management, a Nashville-based digital assets fund, offered close advice through a partnership with the Titans in order to bring this functionality to the team.
“We’re proud to partner with the Tennessee Titans as they start their Bitcoin journey and offer fans a new way to pay,” said David Bailey, CEO of BTC Inc and partner at UTXO Management. “2022 is a special year as we continue to work with professional sports teams to help educate and further mass adoption of Bitcoin. The Titans are a top NFL franchise and a natural fit for this partnership.”
Joining the ranks of MLB’s Oakland Athletics and the NBA’s Sacramento Kings and Dallas Mavericks, the Titans will be the first NFL team to accept bitcoin.