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Topic: NBA 3.0: Bitcoin, Google Glass & More (Read 573 times)

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January 17, 2014, 05:16:46 PM
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NBA 3.0: Bitcoin, Google Glass & More
Vivek Ranadivé and co. said they were going to bring technology to the Kings and they're doing so in some very innovative ways.

One of the mantras of Sacramento's new ownership group has been something called "NBA 3.0" in which they aim to bring the Kings and the NBA into the 21st century through innovation and technology.

Yesterday it was announced that the Kings would be the first professional sports team to start accepting the virtual currency bitcoin for merchandise, tickets, and even concessions.  For bitcoin, this is a big step forward for its own legitimacy, as most retailers and merchants don't accept the currency due to its extreme volatility; One bitcoin was worth $13.51 on Jan. 1st, 2013.  That has gone all the way up to $1,165.90 and back down to $863.35 since then.

http://www.sactownroyalty.com/2014/1/17/5319596/sacramento-kings-bitcoin-google-glass-innovation
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