Sacramento Kings to accept Bitcoin

The Sacramento Kings announced Thursday that they would become the first professional sports franchise to accept Bitcoin virtual currency. Beginning on March 1, fans will be able to buy gear in the team store and pay for tickets with the digital money. "When I sold the NBA on keeping the team in Sacramento, my pitch included using the sports franchise as a social network to push the technology envelope," Kings majority owner Vivek Ranadive told ESPN.com. "This is an example of that." [+] EnlargeBitcoin Sean Gallup/Getty ImagesSacramento Kings majority owner Vivek Ranadive hopes accepting Bitcoin virtual currency is the next step in allowing fans to keep their wallets at home. Ranadive said that the acceptance of Bitcoin is one step closer to allowing fans to keep their wallets at home, thanks to what will eventually be a ticketless and cashless environment at the arena. Read more.... HERE