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Sacramento NBA Team to Accept Bitcoin
Team Is 1st Major Sport Franchise To Take Bitcoin
By MICHAEL J. CASEY
Jan. 16, 2014 10:00 a.m. ET
The Sacramento Kings basketball team will become the first major professional sports franchise to accept bitcoin in return for its products, marking a symbolically important step in the virtual currency's bid to achieve mainstream acceptance.
"The way I saw it, bitcoin had reached a tipping point where it had crossed from being a curiosity to a becoming a legitimate form of doing commerce,"said Sacramento Kings owner Vivek Ranadivé, explaining his decision to allow payments in the virtual currency. Mr. Ranadivé,...
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