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The 2018 Winter Olympic Games will be a big talking point for the abutting two weeks and thereâs a aggregation that the added cryptocurrency association can get abaft in South Korea.
Just like Cool Runnings fabricated Jamaicaâs aboriginal anytime bobsled aggregation famous, the latest copy of the Winter Olympics will see the USA luge aggregation become a best for Bitcoin in what could be a aboriginal for cryptocurrency in the sport.
The USA Luge Foundation has been advancement for donations in Bitcoin on Medium back December 2017. While they canât abrasion any sponsor logos at the Olympics, the aggregation has promised to advance the capital cryptocurrency in accessible competitions, depending on how abundant Bitcoin they raise.
The aggregation claims to be the aboriginal US Olympic accumulation to set up its own Bitcoin wallet to acquire donations. Itâs a move that is alike with the spirit of luge, aerial acceleration and abounding with danger.
US luge doubles argent champ and accepted USA Luge business administrator Gordy Sheer said the award armamentarium is a accustomed fit.
âYou know, we apprehend a lot of jokes about lugers actuality crazy, and bodies donât apperceive why we do it. But luge is article that gets into your claret and transforms your activity and the Bitcoiners weâve met apperceive absolutely what itâs like to be all in on article that the apple doesnât acknowledge yet. Weâve looked at Bitcoin hard, and it is absolutely a risk-reward we accept and are acquisitive to take.â
One of the aboriginal donors to the USA Luge armamentarium was aloft luge Olympian and Wall Street broker Ty Danco – who sees the armamentarium as the absolute advance eyeing the abutting two Winter Olympic meets over the abutting eight years.
âItâs such a accustomed and acceptable fit for the team. The luge aggregation is not cerebration abbreviate term, but long. By hodling Bitcoin with the accurate ambition of captivation on through the 2022 and 2026 Olympic Games, the action hopes to change from actuality underfunded to actuality able to abutment abounding teams on the Apple Cup akin at the aforementioned time as developing grassroots adolescence programs to advance athletes. Bitcoin is still in its aboriginal days, and hats off to USA Luge for actuality both adventurous and clear-sighted to ride this wave.â
The aggregation has additionally promised to accommodate Bitcoin logos and decals on its kit and accessories in the approaching – abased on how abundant Bitcoin they accept in their fundraising initiative.
Tongue in cheek, the aggregation promised to âFind Satoshi, and get him on a sledâ if they aloft 21 mln Bitcoin, which of advance is the max bulk of Bitcoin that can be mined.
While the USA Luge aggregation isnât absolutely the best acclaimed aggregation aggressive in the better sport, the possibilities of its Bitcoin fundraising/advertising endeavor could able-bodied alpha a trend for the cryptocurrency community.
The amplitude is abounding for cryptocurrency announcement and its absolutely hasty that we haven’t apparent added ICOs and added accustomed Blockchain and cryptocurrency companies afraid their brands all over action teams.
There are already a cardinal of cryptocurrency action platforms aimed at action punters, acceptance bodies to action online with cryptocurrency. Coupled with able announcement of assorted basic currencies, it wouldnât be hasty to see added of these cryptocurrencies agriculture up on aggregation jerseys, motor cartage and abundant more.
Given that South Korea has been a booming hub for cryptocurrency barter over the accomplished 12 months, youâd accept accepted added vendors accepting basic bill for their articles at the advancing Winter Olympics in Pyeongchang province.
However, according to Forbes, there is a ski-rental boutique abreast the Olympics apple that is accepting Ethereum as a acquittal method. Given bargain transaction fees, and the âuniversalâ attributes of Ethereum, itâs hasty that added vendors arenât accomplishing the same.
As appear by Forbes, added vendors were accepted to booty up the acquittal belvedere Coinduck, which accepts Ethereum payments and pays the vendors Korean won in turn.
Donât apprehend to apprehend or see any acknowledgment of this during the Olympics, but the actuality that bodies are actively application cryptocurrency during massive all-around contest like the Olympics shows the ability of the technology.
Those that accept taken to cryptocurrency can skip the altercation of advantageous a appointment to a Bureau de Change. Transacting with basic currencies while traveling could able-bodied become a massive use-case in the future.