Topic: [2107-12-20] USA Luge Olympic Team Now Accepting Bitcoin Donations (Read 119 times)

The USA Luge team is making history but not in winning Olympic medals. They are the first US Olympic team to accept Bitcoin donations.

The 2018 Winter Olympics is almost here. Beginning on February 9th, 2018, hopeful athletes from all over the world will descend upon PyeongChang, South Korea, dreaming of Olympic glory. One such group of athletes is the USA Luge team, who are already making history, but not in the way you think. The Luge team is the first US Olympic team to accept Bitcoin as a donation.

GOING FOR THE GOLD WITH A LITTLE HELP FROM BITCOIN

The 2018 USA Luge team is composed of ten individuals: seven men and three women. Historically, luge has not been one of the more popular Olympic sports for American viewers. That crown currently belongs to figure skating, with hockey a distant second.

This means that the USA Luge team is often in need of funds. While the team does have some sponsors, every little bit counts quite a bit. Which is why the team is turning to Bitcoin for help.

Gordy Sheer, the USA Luge marketing director and silver medalist in the 1998 Olympic doubles, sees some parallels between crypto users and lugers. He says:

"You know, we hear a lot of jokes about lugers being crazy, and people don’t know why we do it. But luge is something that gets into your blood and transforms your life…and the bitcoiners we’ve met know exactly what it’s like to be all in on something that the world doesn’t appreciate yet. We’ve looked at bitcoin hard, and it is definitely a risk-reward we understand and are eager to take."

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