Categories: Uncategorized

Brooklyn Nets embrace Bitcoin despite the coin’s recent plummet

You are here: Home / News / Brooklyn Nets embrace Bitcoin despite the coin’s recent plummet

by

Cryptocurrencies have entered pretty much every business. Prominent basketball team, Brooklyn Nets is the most current one to adopt digital assets.

The development of cryptocurrencies has put the market on a base. The crypto-verse has captured the attention of many throughout the years. Crypto’s relationship with basketball goes far back as groups like Sacramento Kings have been accepting Bitcoin because 2014. BSE Global, the parent company of Brooklyn Nets, became the latest firm to announce its interest in Bitcoin.

Brooklyn Nets to accept BTC to get merch and tickets

The New York Daily, recently reported that BSE Global will be inclining towards the crypto market. The CEO of Nets, John Abbamondi pointed out that the team will soon be accepting BTC as a potential payment method in the not too distant future. He noted that the basketball franchise would make statements pertaining to the exact same in the next few months or weeks.

Bitcoin’s current downfall has abandoned the entire community in shock. Despite this massive slump, people were spotted purchasing the dip. The Nets appear to be making this statement right when the marketplace is not in very good shape. While revealing that the basketball team had been engaging in conversations with several partners, Abbamondi included,

“We’re watching the space very closely. […] It’s a very interesting and exciting space, and I think particularly with regards to Bitcoin, I think it’s here to stay.”

Furthermore, the CEO also suggested that the firm was extremely cautious while picking potential partners as”some of the players in this space are not as reputable as some others.”

Speaking about Bitcoin, Abbamondi pointed out Bitcoin’s potential in becoming a”force for good in the minority community.” The growth of the crypto business, from being associated with all the dark net to growing to a $2 trillion industry has caught the eye of many. The CEO of Brooklyn Nets has j

Read More

News Bot

Share
Published by
News Bot

Recent Posts

Distress levels up, deaths steady in COVID

The Australian Institute of Health and Welfare says the COVID-19 pandemic did not increase the…

33 mins ago

Health treatment gap for Indigenous in NSW

Indigenous Australians - including expectant mothers - report less satisfaction with their treatment in NSW…

33 mins ago

Plea for ACT government to ease discomfort for asthmatics

Failure to remove wood-burning stoves means air purifiers are needed in the ACT, Asthma Australia…

33 mins ago

CHINA CYBERATTACK CONDEMNED: Australia blasts ‘malicious’ hack

China has been directly blamed for a massive hack of Microsoft Exchange software, with the…

33 mins ago

LinkedIn looks to premium publishers as a way to drive subscriber revenue

July 27, 2021 by Max Willens LinkedIn would like to broaden the base of people…

35 mins ago

Marketing Briefing: Ad execs and marketers say this Olympics has ‘lost its luster’

The typical global fervor for the Olympics is lacking this year, making it less of…

35 mins ago