York Revolution to accept Bitcoin
The York Revolution will be the first minor league baseball team in the country to accept the digital currency Bitcoin, the team said Thursday.
By using Bitcoin, fans can avoid the $1.25 transaction fee of buying tickets online.
"We try to be on the cutting edge of things, especially if they draw attention to the fact it is easy to purchase our tickets," said Paul Braverman, promotions and communications manager.
To buy the tickets, customers have to use their mobile devices to scan the QR code at the ticket office at Santander Stadium in downtown York.
The digital currency, created in 2009, is then sold on a currency exchange for actual dollars, which are then deposited in the Revolution's bank account, Braverman said.
The virtual money's volatility has been in the news lately. The value hit $1,000 in December. One bitcoin was worth around $593 around 3:30 p.m. Thursday.
Braverman said the Revolution is not worried about that.
"We understand there's a little bit of uncertainty," he said. "But we saw it as low risk for us."
The Sacramento Kings in January became the first professional sports team to start accepting the currency.
How many people will actually buy tickets using Bitcoin? The team doesn't know exactly.
That's not the point, actually.
"I think at this point, it's a targeted group of people that use bitcoin," Braverman said. "Right now, I think it's just a way for us to serve a small demographic of people and make sure we're on the cutting edge of things."