BitWallet became the team’s official partner as a digital currency wallet to help expand their entertainment sales. Since the recent announcement, the Texans have already sold a suite through Crypto to a digital marketing firm, EWR Digital.
“We are proud to partner with BitWallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites,” Houston Texans president, Greg Grissom said. “BitWallet is a perfect collaborator as we continue our efforts to move our organization forward in new and innovative ways.”
BitWallet allows you to not only buy Bitcoin but also send it anywhere in the world.
“Digital currency has become a primary means of payment and by partnering with BitWallet, the Texans are leading the way in the NFL,” BitWallet CEO, John Perrone said. “I am honored that BitWallet is the first to offer Texans fans this service.”
The Tennessee Titans are the other team that has also announced that Bitcoin can be used through purchases with their own unique partnership.
For insight, I spoke to Colin Yurcisin the founder of Leveraged Lifestyle, Leveraged Mining and Leveraged Investments. Leveraged Mining, Yurcisin’s new business, was created to help spread bitcoin. His dream is to help 10,000 people mine bitcoin using his company’s hands-free model.
With his specific expertise and focus now being Bitcoin mining, Yurcisin had a unique perspective in regards to the Texan’s adoption.
“It opens up a gambit of possibilities for how Bitcoin can be connected and established in mainstream society.” He said.
“The NFL is one of the biggest sports leagues in the world and now that more teams are opening up to utilizing cryptocurrency to paying customers you’ll likely see a snowball effect across many other places. The transactions are de-risked (at least for the teams) as well because the end currency is still in fiat.”
Yurcisin wants to make mining bitcoin straightforward for the average person, so there’s an incentive for the adoption for crypto-carriers across popular entertainment elements.
Yurcisin added, “The best part about our business is that we use industrial power at incredibly cheap prices, we build out our immersion cooling systems which are our biggest competitive advantage over other mining companies.”
“Immersion cooling is the most efficient way to mine bitcoin,” he continued, “The reason why is because you get to remove the fan out of the miner, which is the single biggest point of failure and then you dunk the miners in immersion cooling liquid which lets them run at their most efficient state.”
“We also charge all of our costs upfront on our mining packages with our clients so there is no risk of us having to shut off our rigs due to not being profitable. We charge for the miner, electricity and maintenance all upfront so that we have the cash to buy our equipment, invest in infrastructure, pay employees and ensure that we can deliver the promised TH/S amount the client paid for over the 4 years of their contract.”
The company’s mission to make mining accessible to everyone is a potential precursor to creating industry and societal leverage to make the currency easier to use everywhere.
Yurcisin concluded, “Most mining companies are turning off their machines right now and selling bitcoin during the bear market and we’re doing the opposite. We’re building to be the best, and from teams like the Houston Texans you’re seeing that the growth in understanding of the market is shifting.”