Litecoin is now the official cryptocurrency of Miami Dolphins

Litecoin has become the official cryptocurrency of the 2-time super bowl champions, Miami Dolphins. This is the first time that an NFL team has officially adopted a digital asset. Litecoin had previously dabbled in sports when they became the official cryptocurrency of UFC 232. Litecoin Foundation stated:

“Launching for the 2019 NFL season, the collaboration with the Miami Dolphins gives Litecoin the ability to tap into one of the NFL’s largest and most passionate fan bases through in-game branding and advertising opportunities at Hard Rock Stadium, as well as inclusion across the team’s various online properties and digital content.”

Because of this partnership, fans will be able to use Litecoin to buy 50/50 raffle tickets. Litecoin and Aliant payments will enable attendees to purchase tickets using Litecoin or Bitcoin, with half the proceeds going to the Miami Dolphins Foundation and its charitable causes. Charlie Lee, the creator of Litecoin and managing director of the Litecoin Foundation, said:

“We’re thrilled to see Litecoin become the official cryptocurrency of the Miami Dolphins. 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.”

Miami Dolphins Vice President & Chief Information Officer Kimberly Rometo said:

“The Miami Dolphins are always looking for ways to enhance the fan experience, and this partnership with Litecoin provides the ability for guests to enjoy our 50/50 raffle while donating to a great cause.” 

LTC/USD daily chart

LTC/USD fell below $100 for the first time since 24th May this Thursday. The bulls managed to rally together and bring the price back up to $103. The 50-day simple moving average (SMA 50) curve crossed over the SMA 20 curve and are both trending above the daily price chart.