Cryptocurrency has been a hot topic as of late, and it’s now snuck its way into the Victoria sports scene.
For the upcoming baseball season, the Victoria Harbourcats will be accepting cryptocurrency as a form of payment for season tickets and corporate sponsorships.
The first team in Canada to adopt such a policy, the Harbourcats will accept Bitcoin, Ethereum, and Litecoin.
“This is something our GM, Brad Norris-Jones, has spent a lot of time looking into, and we’re ready to work with this payment method for various partnerships,” said Jim Swanson, Managing Partner of the HarbourCats.
Game Day Tickets the Next Step?
Game-day tickets are the next move for the ‘Cats regarding cryptocurrency, and a payment option could be put in place by the beginning of the season (June 1st).
“This is simply being with the times,” Swanson continued. “It’s an emerging method of doing business, and we’re pleased to be among the leaders in the sports world on this. We are not afraid of new territory.”
On the rise, but unpredictable
Cryptocurrency, particularly Bitcoin, has gained huge public traction after it reached a value of $10,000 CAD in November 2017.
The enigmatic currency peaked in December 2017 at a value of nearly $25,000 but has since dropped back to roughly $10,500.
Ethereum currently is worth about $1,250, while Litecoin equates to approximately $170.
Earlier in January, an Oak Bay home was listed for the price of 137 Bitcoin – or approximately $2.5 million.