San Jose Sharks Become First NHL Team To Accept Cryptocurrency

Photo: San Jose Mercury News

The San Jose Sharks will become the first National Hockey League (NHL) team to accept cryptocurrency after franchise owner Sharks Sports & Entertainment gave the green light for the alternative payment method, according to Sports Business Journal. The franchise is working with Atlanta-based payment processor BitPay for the rollout, which will accept Bitcoin, Dogecoin and Ethereum, among others.

Starting next season, the Sharks will accept cryptocurrency for large or recurring payments, such as season tickets, hospitality boxes, at their SAP Center home and sponsorship deals. The Sharks — who did not reach the NHL playoffs this year — join the NBA’s Sacramento Kings and Dallas Mavericks and the MLB’s Oakland Athletics in accepting crypto.

“We’re accepting PayPal, so then by definition, we’re accepting cryptocurrency. Why not embrace it and make it more visible as opposed to just doing it through a third party?,” Sharks president Jonathan Becher told Sports Business Journal (SBJ).

The Sharks are also considering integrating a cryptocurrency payment option across their wider commercial business, including on the team’s app for purchases at SAP Center, online merchandise sales at the Sharks store and point of sale at the arena.

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His interest in the Caps has grown over the decades and included time as a season ticket holder. He has been a journalist covering the team for 10+ years, primarily focusing on analysis, analytics and prospect development.
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