The Houston Texans has become one of the few professional football teams out there willing to allow bitcoin payments for suites, suggesting once again that sports and crypto really go hand in hand.
The Texas Have Opened Their Minds to Crypto
Those looking to pay with bitcoin must do so through a company called Bit Wallet, a third-party entity that will convert the digital currency into fiat so the team can earn its funds. Houston Texans president Greg Grissom was excited about the partnership and commented in an interview:
We are proud to partner with Bit Wallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites. Bit Wallet is a perfect collaborator as we continue our efforts to move our organization forward in new and innovative ways.
Bit Wallet CEO John Perrone also threw his two cents into the mix, stating:
Digital currency has become a primary means of payment, and by partnering with Bit Wallet, the Texans are leading the way in the NFL. I am honored that Bit Wallet is the first to offer Texans fans this service.
This Opens Many Doors
Colin Yurcisin is the founder of Leveraged Lifestyle, Leveraged Mining, and Leveraged Investments. He offered his own insight regarding the team’s willingness to accept crypto. He said:
It opens a gamut of possibilities for how bitcoin can be connected and established in mainstream society. The NFL is one of the biggest sports leagues in the world, and now that more teams are open to utilizing cryptocurrency to paying customers, you’ll likely see a snowball effect across many other places. The transactions are de-risked (at least for the teams) as well because the end currency is still in fiat… The best part about our business is that we use industrial power at incredibly cheap prices, we build out our immersion cooling systems which are our biggest competitive advantage over other mining companies. Immersion cooling is the most efficient way to mine bitcoin. The reason why is because you get to remove the fan out of the miner, which is the single biggest point of failure, and then you dunk the miners in immersion cooling liquid, which lets them run at their most efficient state. We also charge all our costs upfront on our mining packages with our clients so there is no risk of us having to shut off our rigs due to not being profitable. We charge for the miner, electricity, and maintenance all upfront so we have the cash to buy our equipment, invest in infrastructure, pay employees, and ensure we can deliver the promised TH/S amount the client paid for over the four years of their contract. Most mining companies are turning off their machines right now and selling bitcoin during the bear market and we’re doing the opposite.